Strs Ohio Boosts Stock Position in Dollar General Corporation $DG
by Doug Wharley · The Cerbat GemStrs Ohio raised its stake in shares of Dollar General Corporation (NYSE:DG – Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 525,462 shares of the company’s stock after acquiring an additional 34,910 shares during the period. Strs Ohio’s holdings in Dollar General were worth $69,766,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS purchased a new stake in Dollar General during the 4th quarter valued at approximately $246,000. PFA Pension Forsikringsaktieselskab purchased a new stake in Dollar General during the 4th quarter valued at approximately $13,222,000. CapWealth Advisors LLC purchased a new stake in Dollar General during the 4th quarter valued at approximately $415,000. Robertson Stephens Wealth Management LLC raised its stake in Dollar General by 41.9% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,581 shares of the company’s stock valued at $741,000 after acquiring an additional 1,647 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in Dollar General by 4.5% during the 4th quarter. Fifth Third Bancorp now owns 12,703 shares of the company’s stock valued at $1,687,000 after acquiring an additional 549 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on DG. UBS Group reaffirmed a “buy” rating and set a $163.00 price objective on shares of Dollar General in a research note on Monday, March 16th. Piper Sandler upped their price objective on Dollar General from $132.00 to $133.00 and gave the company a “neutral” rating in a research note on Friday, March 13th. BMO Capital Markets boosted their target price on Dollar General from $130.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Guggenheim dropped their target price on Dollar General from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Dollar General in a research report on Friday, March 13th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $146.54.
Check Out Our Latest Report on Dollar General
Dollar General Stock Performance
NYSE DG opened at $114.49 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.22 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $130.04 and its two-hundred day moving average is $127.59. Dollar General Corporation has a 12-month low of $86.25 and a 12-month high of $158.23. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.87 and a beta of 0.28.
Dollar General (NYSE:DG – Get Free Report) last released its earnings results on Thursday, March 12th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.36. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The company had revenue of $10.91 billion for the quarter, compared to analysts’ expectations of $10.78 billion. During the same quarter in the previous year, the firm posted $0.87 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. Research analysts expect that Dollar General Corporation will post 7.29 EPS for the current year.
Dollar General Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were issued a $0.59 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. Dollar General’s dividend payout ratio is currently 34.45%.
Dollar General 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.
See Also
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