Oregon Public Employees Retirement Fund Has $2.60 Million Position in Dollar General Corporation $DG

Oregon Public Employees Retirement Fund raised its position in Dollar General Corporation (NYSE:DG) by 32.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 25,147 shares of the company’s stock after purchasing an additional 6,137 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Dollar General were worth $2,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Dollar General in the second quarter valued at about $25,000. Caldwell Trust Co acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Dollar General during the second quarter worth approximately $26,000. Byrne Asset Management LLC raised its position in shares of Dollar General by 952.6% in the third quarter. Byrne Asset Management LLC now owns 400 shares of the company’s stock valued at $41,000 after buying an additional 362 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Dollar General by 46.8% in the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock valued at $50,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 4.3%

DG opened at $148.82 on Tuesday. The company has a market cap of $32.76 billion, a P/E ratio of 25.70, a PEG ratio of 2.60 and a beta of 0.26. The company has a current ratio of 1.17, a quick ratio of 0.24 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $121.58 and its 200-day moving average is $112.56. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $149.06.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, December 4th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $0.95 by $0.33. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The firm’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Equities research analysts predict that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 6th. This represents a $2.36 dividend on an annualized basis and a yield of 1.6%. Dollar General’s payout ratio is currently 40.76%.

Insiders Place Their Bets

In other Dollar General news, EVP Carman R. Wenkoff sold 19,166 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $132.01, for a total value of $2,530,103.66. Following the completion of the transaction, the executive vice president owned 43,179 shares of the company’s stock, valued at $5,700,059.79. This represents a 30.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Rhonda Taylor sold 7,500 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $134.89, for a total value of $1,011,675.00. Following the completion of the transaction, the executive vice president owned 73,492 shares of the company’s stock, valued at $9,913,335.88. This represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 58,673 shares of company stock worth $7,713,389. Company insiders own 0.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Wolfe Research raised their price objective on Dollar General from $141.00 to $159.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. The Goldman Sachs Group raised Dollar General from a “strong sell” rating to a “hold” rating in a research note on Friday, December 5th. UBS Group upped their price objective on shares of Dollar General from $135.00 to $143.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Oppenheimer raised their target price on shares of Dollar General from $138.00 to $145.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Evercore ISI upped their price target on shares of Dollar General from $130.00 to $135.00 and gave the stock an “in-line” rating in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $138.50.

Dollar General Company 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.