Employees Retirement System of Texas Grows Stock Position in Dollar General Corporation $DG

Employees Retirement System of Texas boosted its position in Dollar General Corporation (NYSE:DG) by 453.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,370 shares of the company’s stock after buying an additional 9,314 shares during the quarter. Employees Retirement System of Texas’ holdings in Dollar General were worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC increased its position in Dollar General by 69.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 193 shares of the company’s stock worth $26,000 after buying an additional 79 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Dollar General in the third quarter worth $26,000. Eastern Bank purchased a new stake in Dollar General in the fourth quarter worth $35,000. Flagship Harbor Advisors LLC purchased a new stake in Dollar General in the fourth quarter worth $36,000. Finally, First Horizon Corp increased its position in Dollar General by 74.4% in the fourth quarter. First Horizon Corp now owns 340 shares of the company’s stock worth $45,000 after buying an additional 145 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

NYSE:DG opened at $104.52 on Thursday. The firm has a market capitalization of $23.02 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.68 and a beta of 0.28. Dollar General Corporation has a 52-week low of $95.11 and a 52-week high of $158.23. The stock has a fifty day moving average of $116.22 and a 200 day moving average of $128.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.22 and a current ratio of 1.13.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, March 12th. The company reported $1.93 earnings per share (EPS) 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 analyst estimates of $10.78 billion. Dollar General had a return on equity of 18.66% and a net margin of 3.54%.The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last 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, research analysts expect that Dollar General Corporation will post 7.27 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 21st. Investors of record on Tuesday, April 7th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $2.36 annualized dividend and a yield of 2.3%. Dollar General’s dividend payout ratio (DPR) is currently 34.45%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $140.00 target price on shares of Dollar General in a research report on Tuesday, March 24th. Truist Financial reduced their price target on Dollar General from $139.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday. Piper Sandler lifted their price target on Dollar General from $132.00 to $133.00 and gave the company a “neutral” rating in a research report on Friday, March 13th. UBS Group reiterated a “buy” rating on shares of Dollar General in a research report on Wednesday. Finally, Sanford C. Bernstein reduced their price target on Dollar General from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Twelve analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given 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 $139.96.

Dollar General Profile

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.