Dollar General Corporation $DG Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in Dollar General Corporation (NYSE:DG) by 597.2% in the 2nd quarter, Holdings Channel reports. The firm owned 149,852 shares of the company’s stock after buying an additional 128,360 shares during the period. Illinois Municipal Retirement Fund’s holdings in Dollar General were worth $17,140,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in Dollar General by 5.8% in the second quarter. Blue Trust Inc. now owns 2,005 shares of the company’s stock valued at $229,000 after buying an additional 110 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of Dollar General by 1.9% in the 2nd quarter. Tectonic Advisors LLC now owns 6,037 shares of the company’s stock valued at $691,000 after acquiring an additional 113 shares during the period. Ancora Advisors LLC increased its holdings in shares of Dollar General by 1.7% in the 1st quarter. Ancora Advisors LLC now owns 7,258 shares of the company’s stock valued at $638,000 after acquiring an additional 122 shares during the period. Harbor Investment Advisory LLC raised its position in Dollar General by 35.2% in the 2nd quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares during the last quarter. Finally, Achmea Investment Management B.V. boosted its stake in Dollar General by 0.7% during the 2nd quarter. Achmea Investment Management B.V. now owns 19,134 shares of the company’s stock worth $2,188,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 3.5%

Shares of DG stock opened at $99.27 on Monday. The business’s fifty day moving average price is $103.05 and its 200 day moving average price is $105.52. The firm has a market capitalization of $21.85 billion, a PE ratio of 18.38, a P/E/G ratio of 2.10 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $117.95.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.56 by $0.30. The company had revenue of $10.73 billion for the quarter, compared to analyst estimates of $10.68 billion. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.70 EPS. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. As a group, sell-side analysts forecast that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 7th. This represents a $2.36 annualized dividend and a yield of 2.4%. Dollar General’s payout ratio is currently 43.70%.

Analysts Set New Price Targets

DG has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on shares of Dollar General from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of Dollar General in a research report on Wednesday. Morgan Stanley upped their price objective on Dollar General from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Friday, August 29th. Gordon Haskett lowered their target price on Dollar General from $130.00 to $115.00 in a research note on Friday, September 26th. Finally, Wells Fargo & Company upped their price target on Dollar General from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $115.64.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.