Strs Ohio Lowers Stake in Dollar General Corporation $DG

Strs Ohio cut its holdings in shares of Dollar General Corporation (NYSE:DG) by 1.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 518,954 shares of the company’s stock after selling 6,508 shares during the period. Strs Ohio owned approximately 0.24% of Dollar General worth $61,615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its holdings in Dollar General by 4,550.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company’s stock valued at $25,000 after purchasing an additional 182 shares during the period. Fideuram Asset Management Ireland dac acquired a new position in shares of Dollar General during the 4th quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Dollar General by 69.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock valued at $26,000 after buying an additional 79 shares in the last quarter. Reflection Asset Management purchased a new position in shares of Dollar General during the 4th quarter valued at approximately $28,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Dollar General in the 4th quarter valued at $31,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several recent analyst reports. Jefferies Financial Group cut their price target on shares of Dollar General from $155.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, June 3rd. Citigroup decreased their price objective on shares of Dollar General from $138.00 to $116.00 and set a “neutral” rating on the stock in a report on Wednesday, June 3rd. Wolfe Research reissued an “outperform” rating and set a $165.00 target price on shares of Dollar General in a research note on Thursday, March 12th. Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a research report on Friday, April 10th. Finally, Morgan Stanley decreased their price target on shares of Dollar General from $150.00 to $132.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 3rd. Ten analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $131.27.

Dollar General Stock Performance

NYSE:DG opened at $118.19 on Friday. The company’s 50-day moving average price is $111.36 and its 200-day moving average price is $128.76. The company has a current ratio of 1.17, a quick ratio of 0.25 and a debt-to-equity ratio of 0.52. The company has a market cap of $26.07 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.75 and a beta of 0.25. Dollar General Corporation has a twelve month low of $95.11 and a twelve month high of $158.23.

Dollar General (NYSE:DG) last issued its earnings results on Tuesday, June 2nd. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.11. Dollar General had a return on equity of 18.65% and a net margin of 3.63%.The business had revenue of $10.79 billion for the quarter, compared to analysts’ expectations of $10.81 billion. During the same period in the previous year, the firm posted $1.78 EPS. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.200-7.450 EPS. On average, sell-side analysts forecast that Dollar General Corporation will post 7.38 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 21st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, July 7th. Dollar General’s payout ratio is presently 33.38%.

Dollar General Company Profile

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.