Dollar General Corporation $DG Stock Position Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems reduced its Dollar General stake by 9.5% in the third quarter, selling 41,900 shares and retaining 400,173 shares valued at approximately $47.9 million.
• Analyst sentiment remains mixed: Dollar General has a consensus “Hold” rating from 29 analysts, with an average price target of $137.96, despite some firms raising targets and ratings.
• Dollar General reported stronger-than-expected quarterly results, with EPS of $2.48 and revenue of $11.29 billion; revenue increased 5.2% year over year, and the company paid a quarterly dividend of $0.59 per share.

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in Dollar General Corporation (NYSE:DG - Free Report) by 9.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 400,173 shares of the company's stock after selling 41,900 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.18% of Dollar General worth $47,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DG. Arrowstreet Capital Limited Partnership lifted its stake in Dollar General by 6.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,868,239 shares of the company's stock valued at $340,546,000 after buying an additional 167,546 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dollar General by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,800,145 shares of the company's stock worth $332,443,000 after acquiring an additional 75,323 shares during the last quarter. Royal Bank of Canada grew its position in shares of Dollar General by 0.8% during the first quarter. Royal Bank of Canada now owns 2,723,506 shares of the company's stock worth $323,362,000 after acquiring an additional 20,366 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Dollar General during the second quarter worth approximately $162,412,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Dollar General by 121.3% in the 1st quarter. Renaissance Technologies LLC now owns 704,204 shares of the company's stock valued at $83,610,000 after acquiring an additional 386,000 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on DG shares. Argus upped their price target on shares of Dollar General from $165.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, September 4th. Citigroup raised their price objective on shares of Dollar General from $116.00 to $133.00 and gave the stock a "neutral" rating in a research report on Friday, August 28th. Oppenheimer restated an "outperform" rating and issued a $150.00 price objective on shares of Dollar General in a research note on Tuesday, August 25th. Wall Street Zen cut shares of Dollar General from a "buy" rating to a "hold" rating in a report on Saturday, October 24th. Finally, HSBC raised shares of Dollar General from a "hold" rating to a "buy" rating and upped their target price for the company from $125.00 to $160.00 in a report on Thursday, September 24th. Twelve analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $137.96.

Dollar General Trading Up 1.5%

NYSE:DG opened at $132.02 on Friday. The firm has a market cap of $29.13 billion, a P/E ratio of 17.49, a PEG ratio of 1.73 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's 50 day simple moving average is $126.34 and its 200-day simple moving average is $126.12. Dollar General Corporation has a 12-month low of $95.11 and a 12-month high of $158.23.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported $2.48 EPS for the quarter, topping the consensus estimate of $2.01 by $0.47. Dollar General had a return on equity of 18.93% and a net margin of 3.90%. The business had revenue of $11.29 billion during the quarter, compared to analysts' expectations of $11.20 billion. During the same quarter in the prior year, the business earned $1.86 earnings per share. The company's quarterly revenue was up 5.2% compared to the same quarter last year. Dollar General has set its FY 2026 guidance at 7.800-8.000 EPS. Equities analysts anticipate that Dollar General Corporation will post 7.70 EPS for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Shareholders of record on Tuesday, October 6th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, October 6th. Dollar General's payout ratio is currently 30.69%.

Dollar General Company Profile

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

The company primarily serves communities across the United States through a large network of neighborhood-focused stores, including locations in rural and suburban markets.

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