Ontario Teachers Pension Plan Board Grows Stock Holdings in Dollar General Corporation $DG

Ontario Teachers Pension Plan Board grew its stake in Dollar General Corporation (NYSE:DG) by 303.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,930 shares of the company’s stock after acquiring an additional 13,481 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Dollar General were worth $1,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DG. Bryn Mawr Trust Advisors LLC acquired a new position in shares of Dollar General during the third quarter worth $8,803,000. Arista Wealth Management LLC purchased a new position in Dollar General during the 3rd quarter worth $351,000. Allianz Asset Management GmbH increased its position in Dollar General by 16.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 805,645 shares of the company’s stock valued at $83,263,000 after buying an additional 112,862 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dollar General by 1.5% during the second quarter. Vanguard Group Inc. now owns 26,817,649 shares of the company’s stock valued at $3,067,403,000 after acquiring an additional 384,447 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Dollar General by 483.1% in the 2nd quarter. Empowered Funds LLC now owns 30,630 shares of the company’s stock valued at $3,503,000 after purchasing an additional 25,377 shares during the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DG has been the topic of several research analyst reports. The Goldman Sachs Group raised shares of Dollar General from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Jefferies Financial Group reiterated a “buy” rating and set a $165.00 price objective on shares of Dollar General in a research note on Monday, January 12th. Deutsche Bank Aktiengesellschaft raised shares of Dollar General from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Thursday, January 8th. Guggenheim raised their target price on Dollar General from $140.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company lifted their price target on Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Friday, December 19th. Fourteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $144.44.

Insider Activity

In other Dollar General news, EVP Roderick J. West sold 2,282 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $133.35, for a total value of $304,304.70. Following the completion of the transaction, the executive vice president owned 36,108 shares in the company, valued at approximately $4,815,001.80. This represents a 5.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anita C. Elliott sold 2,516 shares of the stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the sale, the chief accounting officer directly owned 29,344 shares in the company, valued at approximately $3,888,666.88. The trade was a 7.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 58,673 shares of company stock valued at $7,713,389 in the last three months. Corporate insiders own 0.56% of the company’s stock.

Dollar General Stock Up 1.6%

Shares of DG opened at $152.04 on Thursday. The company has a market capitalization of $33.47 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.49 and a beta of 0.25. Dollar General Corporation has a 52 week low of $70.01 and a 52 week high of $155.00. The stock’s 50-day moving average price is $143.14 and its 200-day moving average price is $119.52. The company has a quick ratio of 0.24, a current ratio of 1.17 and a debt-to-equity ratio of 0.63.

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

Dollar General Dividend Announcement

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

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.