California State Teachers Retirement System Grows Stock Holdings in Dollar General Corporation $DG

California State Teachers Retirement System increased its position in shares of Dollar General Corporation (NYSE:DG) by 14,024.5% in the second quarter, HoldingsChannel.com reports. The firm owned 37,348,936 shares of the company’s stock after acquiring an additional 37,084,509 shares during the quarter. California State Teachers Retirement System owned about 0.17% of Dollar General worth $4,299,236,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Paralel Advisors LLC purchased a new stake in Dollar General during the 2nd quarter worth about $2,239,000. HB Wealth Management LLC boosted its position in shares of Dollar General by 8.0% during the 2nd quarter. HB Wealth Management LLC now owns 12,972 shares of the company’s stock worth $1,493,000 after acquiring an additional 966 shares in the last quarter. Saudi Central Bank increased its holdings in shares of Dollar General by 89.7% in the 2nd quarter. Saudi Central Bank now owns 15,416 shares of the company’s stock valued at $1,775,000 after acquiring an additional 7,291 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of Dollar General in the 2nd quarter valued at about $95,000. Finally, AlphaGrep UK Ltd acquired a new stake in shares of Dollar General during the 2nd quarter worth about $283,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 2.7%

NYSE:DG opened at $124.38 on Thursday. The company has a market capitalization of $27.44 billion, a PE ratio of 16.17, a P/E/G ratio of 1.75 and a beta of 0.23. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The stock’s 50 day moving average price is $123.57 and its 200 day moving average price is $121.84. The company has a quick ratio of 0.31, a current ratio of 1.21 and a debt-to-equity ratio of 0.49.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.47. The business had revenue of $11.29 billion during the quarter, compared to the consensus estimate of $11.20 billion. Dollar General had a return on equity of 18.93% and a net margin of 3.90%.The company’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 earnings per share. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. On average, research analysts anticipate that Dollar General Corporation will post 7.68 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, October 6th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.9%. Dollar General’s dividend payout ratio is currently 30.69%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DG. BMO Capital Markets boosted their target price on Dollar General from $120.00 to $135.00 and gave the stock a “market perform” rating in a research note on Friday, August 28th. Daiwa Securities Group dropped their price target 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. Argus raised their price objective on shares of Dollar General from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, September 4th. Raymond James Financial restated an “outperform” rating and set a $150.00 price objective on shares of Dollar General in a research report on Friday, August 28th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $160.00 target price on shares of Dollar General in a report on Friday, August 28th. Ten equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $135.46.

Dollar General Company Profile

Dollar General Corporation (NYSE: DG) is a discount retailer that operates stores offering everyday essentials at low prices. Its merchandise assortment includes consumable products such as food, snacks, cleaning supplies, paper products, and personal-care items, along with seasonal goods, basic home products, apparel, and select health and beauty products.

The company serves primarily rural and suburban communities, with stores located throughout the United States. Dollar General also operates related retail formats, including DG Market, DGX, and pOpshelf, which offer assortments tailored to different shopping needs and locations.