New York State Teachers Retirement System Has $26.14 Million Stock Holdings in Dollar General Corporation $DG

New York State Teachers Retirement System boosted its holdings in shares of Dollar General Corporation (NYSE:DG) by 2.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 196,913 shares of the company’s stock after buying an additional 5,495 shares during the quarter. New York State Teachers Retirement System’s holdings in Dollar General were worth $26,144,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Dollar General by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 27,309,045 shares of the company’s stock valued at $3,625,822,000 after purchasing an additional 412,542 shares during the period. State Street Corp grew its holdings in Dollar General by 9.1% during the third quarter. State Street Corp now owns 10,963,378 shares of the company’s stock valued at $1,133,065,000 after purchasing an additional 913,373 shares during the period. Baillie Gifford & Co. grew its holdings in Dollar General by 2.1% during the fourth quarter. Baillie Gifford & Co. now owns 3,316,155 shares of the company’s stock valued at $440,286,000 after purchasing an additional 68,723 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Dollar General by 3.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,811,797 shares of the company’s stock valued at $290,599,000 after purchasing an additional 96,825 shares during the period. Finally, Invesco Ltd. grew its holdings in Dollar General by 7.4% during the third quarter. Invesco Ltd. now owns 2,725,276 shares of the company’s stock valued at $281,657,000 after purchasing an additional 188,949 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DG. Oppenheimer boosted their price objective on shares of Dollar General from $145.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, February 24th. BNP Paribas Exane restated a “neutral” rating and set a $127.00 price objective on shares of Dollar General in a report on Thursday, March 12th. Gordon Haskett boosted their price objective on shares of Dollar General from $170.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. UBS Group restated a “buy” rating and set a $163.00 price objective on shares of Dollar General in a report on Monday, March 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dollar General in a report on Friday, April 10th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $146.54.

Dollar General Stock Down 1.2%

Dollar General stock opened at $114.49 on Friday. The stock has a market capitalization of $25.21 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.85 and a beta of 0.28. Dollar General Corporation has a twelve month low of $86.25 and a twelve month high of $158.23. The company has a quick ratio of 0.22, a current ratio of 1.13 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $130.04 and a 200-day moving average of $127.77.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, March 12th. The company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.36. The company had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $10.78 billion. Dollar General had a net margin of 3.54% and a return on equity of 18.66%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.87 earnings per share. Dollar General has set its FY 2026 guidance at 7.100-7.35 EPS. On average, equities research analysts anticipate that Dollar General Corporation will post 7.29 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 7th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Tuesday, April 7th. Dollar General’s dividend payout ratio is 34.45%.

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.