Kentucky Retirement Systems Has $2.89 Million Position in Dollar General Corporation $DG

Kentucky Retirement Systems boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 76.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 24,325 shares of the company’s stock after purchasing an additional 10,534 shares during the period. Kentucky Retirement Systems’ holdings in Dollar General were worth $2,888,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Calamos Advisors LLC lifted its stake in Dollar General by 32.9% during the 4th quarter. Calamos Advisors LLC now owns 245,473 shares of the company’s stock valued at $32,591,000 after acquiring an additional 60,746 shares in the last quarter. Park Capital Management LLC WI bought a new position in shares of Dollar General in the fourth quarter valued at approximately $1,245,000. Geode Capital Management LLC grew its holdings in shares of Dollar General by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 5,707,809 shares of the company’s stock valued at $754,857,000 after acquiring an additional 42,936 shares in the last quarter. Norges Bank purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $133,431,000. Finally, Pinebridge Investments LLC purchased a new stake in shares of Dollar General during the fourth quarter valued at approximately $11,864,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DG has been the topic of several research analyst reports. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and cut their price objective for the stock from $140.00 to $110.00 in a research report on Friday, May 22nd. Telsey Advisory Group reduced their price target on shares of Dollar General from $140.00 to $125.00 and set a “market perform” rating for the company in a research report on Wednesday, June 3rd. Barclays decreased their price objective on shares of Dollar General from $151.00 to $148.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Daiwa Securities Group dropped their target price on shares of Dollar General from $136.00 to $111.00 and set a “neutral” rating on the stock in a research note on Thursday, June 4th. Finally, BNP Paribas Exane reduced their target price on shares of Dollar General from $144.00 to $113.00 and set a “neutral” rating for the company in a research report on Wednesday, June 3rd. Ten research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average price target of $131.27.

Dollar General Trading Down 0.7%

Shares of DG opened at $127.72 on Friday. Dollar General Corporation has a fifty-two week low of $95.11 and a fifty-two week high of $158.23. The business has a 50-day moving average of $115.27 and a 200 day moving average of $126.48. The firm has a market cap of $28.17 billion, a P/E ratio of 18.06, a price-to-earnings-growth ratio of 1.96 and a beta of 0.25. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.25 and a current ratio of 1.17.

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

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 21st. Investors of record on Tuesday, July 7th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Tuesday, July 7th. Dollar General’s dividend payout ratio is presently 33.38%.

About Dollar General

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.