Ontario Teachers Pension Plan Board Sells 1,257 Shares of Dollar General Corporation $DG

Ontario Teachers Pension Plan Board cut its holdings in Dollar General Corporation (NYSE:DG) by 22.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,449 shares of the company’s stock after selling 1,257 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Dollar General were worth $509,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Dollar General by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company’s stock worth $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in shares of Dollar General by 3.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,197,437 shares of the company’s stock valued at $369,081,000 after buying an additional 155,966 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Dollar General by 2.6% in the 1st quarter. Invesco Ltd. now owns 3,469,568 shares of the company’s stock valued at $305,079,000 after acquiring an additional 89,067 shares during the last quarter. Baupost Group LLC MA grew its position in Dollar General by 2.1% in the first quarter. Baupost Group LLC MA now owns 2,104,876 shares of the company’s stock worth $185,082,000 after acquiring an additional 44,076 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Dollar General by 2.6% during the first quarter. Northern Trust Corp now owns 2,076,851 shares of the company’s stock worth $182,618,000 after acquiring an additional 52,961 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. Telsey Advisory Group set a $123.00 price objective on Dollar General in a research report on Friday, August 29th. Morgan Stanley boosted their target price on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Truist Financial raised their price target on Dollar General from $119.00 to $120.00 and gave the stock a “hold” rating in a research report on Friday, August 29th. Raymond James Financial boosted their price objective on shares of Dollar General from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group lowered shares of Dollar General from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $118.14.

Dollar General Stock Down 1.1%

NYSE:DG opened at $103.11 on Tuesday. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $102.36 and a 200-day simple moving average of $105.96.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The company had revenue of $10.73 billion for the quarter, compared to the consensus estimate of $10.68 billion. During the same quarter last year, the firm posted $1.70 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, October 7th. Dollar General’s payout ratio is currently 43.70%.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.