Public Employees Retirement System of Ohio Invests $7.22 Million in Dollar General Corporation $DG

Public Employees Retirement System of Ohio acquired a new position in shares of Dollar General Corporation (NYSE:DG) in the 2nd quarter, HoldingsChannel reports. The fund acquired 62,711 shares of the company’s stock, valued at approximately $7,219,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its position in Dollar General by 0.5% during the 4th quarter. State Street Corp now owns 11,017,002 shares of the company’s stock worth $1,462,727,000 after acquiring an additional 53,624 shares during the last quarter. Morgan Stanley grew its position in shares of Dollar General by 35.0% in the fourth quarter. Morgan Stanley now owns 6,270,333 shares of the company’s stock valued at $832,513,000 after purchasing an additional 1,624,748 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $754,857,000 after purchasing an additional 42,936 shares during the period. AQR Capital Management LLC increased its stake in shares of Dollar General by 47.9% in the fourth quarter. AQR Capital Management LLC now owns 3,734,500 shares of the company’s stock worth $495,830,000 after purchasing an additional 1,208,892 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Dollar General by 6.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,868,239 shares of the company’s stock worth $340,546,000 after purchasing an additional 167,546 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 3.5%

Shares of DG opened at $131.24 on Wednesday. The stock’s 50-day moving average price is $122.04 and its 200 day moving average price is $122.75. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $28.95 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 1.77 and a beta of 0.23. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%.The company had revenue of $11.29 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter last year, the company earned $1.86 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. As a group, research analysts predict that Dollar General Corporation will post 7.67 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, October 6th. Dollar General’s dividend payout ratio (DPR) is 30.69%.

Analyst Ratings Changes

DG has been the subject of several recent analyst reports. The Goldman Sachs Group increased their target price on Dollar General from $128.00 to $141.00 and gave the company a “neutral” rating in a research note on Friday. Guggenheim reiterated a “buy” rating and set a $140.00 price target on shares of Dollar General in a report on Monday. BMO Capital Markets increased their price objective on Dollar General from $120.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, August 28th. Evercore lowered their price objective on shares of Dollar General from $145.00 to $140.00 in a research note on Wednesday, June 3rd. Finally, Telsey Advisory Group boosted their target price on shares of Dollar General from $125.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, August 28th. Ten analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $134.65.

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.