California State Teachers Retirement System Increases Stock Position in Dollar General Corporation $DG

Key Points

• California State Teachers Retirement System sharply increased its Dollar General stake by adding 37.1 million shares in the second quarter, bringing its ownership to approximately 16.93%, valued at $4.3 billion. Institutional investors and hedge funds collectively own 91.77% of the stock.
• Dollar General exceeded quarterly expectations, reporting $2.48 in adjusted earnings per share versus the $2.01 consensus estimate, while revenue rose 5.2% year over year to $11.29 billion. The company issued fiscal 2026 EPS guidance of $7.80–$8.00.
• Analysts maintain a cautious outlook, with a consensus “Hold” rating and an average price target of $135.46. Dollar General also declared a quarterly dividend of $0.59 per share, representing a 1.9% annualized yield.

California State Teachers Retirement System raised its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 14,024.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,348,936 shares of the company's stock after acquiring an additional 37,084,509 shares during the period. California State Teachers Retirement System owned approximately 16.93% of Dollar General worth $4,299,236,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in Dollar General by 4,550.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 186 shares of the company's stock valued at $25,000 after purchasing an additional 182 shares during the last quarter. Fideuram Asset Management Ireland dac purchased a new position in shares of Dollar General during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Dollar General by 69.3% during 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 period. Evergreen Advisors LLC acquired a new stake in shares of Dollar General in the first quarter valued at $25,000. Finally, Reflection Asset Management acquired a new stake in shares of Dollar General in the fourth quarter valued at $28,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup increased their target price on Dollar General from $116.00 to $133.00 and gave the stock a "neutral" rating in a research note on Friday, August 28th. BMO Capital Markets boosted their price target on shares of Dollar General from $120.00 to $135.00 and gave the stock a "market perform" rating in a research note on Friday, August 28th. Gordon Haskett cut shares of Dollar General from a "buy" rating to a "hold" rating and reduced their price target for the stock from $140.00 to $110.00 in a research report on Friday, May 22nd. Truist Financial raised their price objective on shares of Dollar General from $109.00 to $114.00 and gave the company a "hold" rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley lifted their price objective on shares of Dollar General from $132.00 to $145.00 and gave the company an "equal weight" rating in a report on Friday, August 28th. Ten investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $135.46.

Dollar General Trading Down 2.7%

NYSE:DG opened at $124.38 on Thursday. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23. The firm has a market cap of $27.44 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 1.75 and a beta of 0.23. The company has a current ratio of 1.21, a quick ratio of 0.31 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $123.57 and a 200 day moving average price of $121.84.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.47. The company had revenue of $11.29 billion for 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%.Dollar General's revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.86 EPS. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 7.68 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

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

Dollar General 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.

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