Dollar General Corporation is a big name in American discount retail. It started as a family business but has changed a lot over time. Now, it's a public company with many shareholders.
It's not just one person or family that owns Dollar General. Instead, many investors, both big and small, have a piece of the company. These investors like its growth and success.
Knowing who owns Dollar General helps us understand its plans and future. By looking at the big investors, we see what guides the company. This is key to seeing how it fits into the changing retail world.
Key Takeaways
Dollar General is not owned by a single individual or family, but rather its ownership is dispersed among various institutional and individual investors.
Major institutional investors, such as Vanguard Group, BlackRock, and Capital International Investors, hold significant ownership stakes in the company.
The company's ownership structure has evolved from a privately held family business to a publicly traded corporation with a diverse shareholder base.
Understanding the key institutional shareholders and their ownership interests can provide insights into the company's strategic direction and long-term investment potential.
The ownership structure of Dollar General reflects the company's growth and success, which have attracted the attention of major investment firms and institutional investors.
Dollar General Corporation: An Overview
Dollar General Corporation is a top discount retailer in the U.S., with over 19,643 stores in 47 states. It offers a wide range of products, from clothes to home decor, health items, and more. This variety meets the everyday needs of its customers.
The company makes about $37.885 billion a year and has around 170,000 employees. It started in 1939 in Scottsville, Kentucky, by James Luther Turner and his son Cal. They named it Dollar General Corporation in 1955, focusing on selling items for a dollar or less. This affordable shopping approach has helped it grow.
History and Evolution
In 1939, James Luther Turner and his son Cal started J.L. Turner and Son, which later became Dollar General Corporation in 1955. The company's unique selling point was items for a dollar or less. Since then, it has grown to be one of the biggest discount retailers in the U.S.
Its success comes from caring for its customers, employees, and communities. Dollar General keeps evolving to meet new trends and market changes.
Dollar General's growth is attributed to a passionate commitment to serving customers, employees, and communities nationwide.
Going Public: Embracing Institutional Ownership
Dollar General Corporation became a publicly traded company in 1968. This move was a big step for the retailer. It allowed them to reach over $40 million in sales and make more than $1.5 million in net income. This opened doors to capital markets and brought in diverse investors.
This change in ownership helped shape the company's growth and strategy. It has been key to Dollar General's success over the years.
Initial Public Offering
The company's first public offering (IPO) brought in institutional investors. This brought in a lot of capital. It helped Dollar General grow, invest in technology, and get more efficient.
This support was vital for the company's long-term success. It made Dollar General a leading discount retailer.
Acquisition by Private Equity Firms
In 2007, private equity firms bought all of Dollar General's shares. The deal was worth $6.9 billion. It included Kohlberg Kravis Roberts (KKR), GS Capital Partners, and Citigroup Private Equity.
This move made Dollar General private. It let the company focus on its operations without public scrutiny. But in 2009, they went public again with an initial public offering.
Switching between public and private ownership has helped Dollar General grow. Being public lets the company use the support and knowledge of institutional investors. This has made Dollar General stronger in the retail market.
The shift in ownership structure has been crucial in shaping Dollar General's growth and strategic direction over the decades.
Key Institutional Shareholders
Dollar General Corporation has a diverse group of big investors. They play a big role in guiding the company's future and decisions. According to Nasdaq, The Vanguard Group, Inc., Price T Rowe Associates, BlackRock, Inc., and Capital International Investors are among the main ones.
The Vanguard Group, Inc.
The Vanguard Group, Inc. is the biggest investor in Dollar General. They own 24,984,980 shares, which is about 11.35% of the company.
Capital International Investors
Capital International Investors is another key investor in Dollar General. They own 20,790,023 shares, which is 9.45% of the company. This firm is known for its value-focused investing. They look for opportunities that match their investment goals and have long-term growth potential.
Price T Rowe Associates
Price T Rowe Associates is another key investor in Dollar General. They own 20,217,480 shares, which is 9.19% of the company.
BlackRock, Inc.
BlackRock, Inc. is also a big investor in Dollar General. They hold 18,283,721 shares, which is around 8.35% of the company. BlackRock is a global firm managing around $10 trillion in assets.
The investments made by these prominent institutional investors in Dollar General underscore the company's strong fundamentals, growth prospects, and strategic positioning within the retail industry.
Other Notable Institutional Investors
Vanguard Group, BlackRock, and Capital International Investors are big names in owning Dollar General. But, there are others like Capital World Investors that stand out too. They are part of Capital Research and Management Company.
Capital World Investors
Capital World Investors manage over $500 billion and own a big part of Dollar General. They have 11,982,484 shares, which is about 5.46% of all shares. This shows they believe in Dollar General's future growth.
State Street Corporation
State Street Corporation is also a big investor in Dollar General. They manage both passive and active funds that own 9,504,443 shares. This is around 4.33% of all shares. They see Dollar General as a strong player in the changing retail market.
Diversified Ownership Structure
Dollar General's ownership is spread out among many people and groups. This means no one person or group has too much control. It helps the company use the knowledge and resources of many investors who all want Dollar General to do well.
Big names like The Vanguard Group, Inc., Price T Rowe Associates, BlackRock, Inc., and Capital International Investors are big shareholders. They hold a big part of Dollar General's shares. This gives the company lots of money and smart advice.
Dollar General's diversified ownership structure allows the company to benefit from the expertise and guidance of a wide range of shareholders, each with a vested interest in the company's long-term success.
Not just big groups, but many individual people also own shares in Dollar General. This mix of big and small investors makes sure the company makes decisions from many viewpoints. This helps Dollar General grow and succeed over time.
Dollar General's Future Outlook
Dollar General is facing both challenges and chances in the fast-changing retail world. It needs to adapt to new consumer habits, handle supply chain issues, and stay ahead in a shifting market. These are big hurdles for the company.
But, Dollar General has a lot going for it. It has a wide store network, focuses on value, and helps underserved areas. With big investors backing it, the company has the resources and advice to keep growing and succeeding.
Conclusion
Dollar General has a mix of institutional and individual investors owning a big part of the company. Big names like Vanguard, BlackRock, and Capital International Investors show the company's strong finances and growth chances. They also help guide the company's big decisions.
Dollar General is set for more success thanks to its varied ownership and focus on value. It has high gross profit margins and serves many rural areas. Its steady growth makes it a key player in discount retail.
FAQ
Who owns Dollar General?
Dollar General Corporation is not owned by one person. It has many institutional and individual investors. Each holds a big part of the company.
What is the history and background of Dollar General?
It started in 1939 as J.L. Turner and Son, a family business. James Luther Turner and Cal Turner owned it. In 1955, it became Dollar General Corporation. Then, in 1968, it went public on the New York Stock Exchange.
Who were the founders of Dollar General?
James Luther Turner and his son Cal Turner started Dollar General. James Turner had to quit school early to work on the farm after his father passed away. He became a salesman and opened J.L. Turner and Son, which became Dollar General Corporation.
How did Dollar General become a publicly traded company?
Dollar General became public on the New York Stock Exchange in 1968. It had over $40 million in sales and made more than $1.5 million in net income. Going public let it get money from capital markets and attract many investors.
Who are the major institutional shareholders of Dollar General?
The big investors in Dollar General are The Vanguard Group, Inc., BlackRock, Inc., Capital International Investors, Capital World Investors, and State Street Corporation.
How has Dollar General's ownership structure evolved over time?
In 2007, a private equity group bought all of Dollar General's shares, making it private. But in 2009, it went public again with an initial public offering. This made it a public company with many owners.
What are the key strategies and growth initiatives of Dollar General?
Dollar General keeps growing by opening new stores and centers. It also changes its products to fit what customers want. This helps it stay competitive.
How does Dollar General's ownership structure impact its corporate governance and shareholder engagement?
The company's many owners, especially big investors, shape its leadership and talks with shareholders. Dollar General works with these investors to make sure its plans meet their needs.
What are the key challenges and opportunities facing Dollar General in the future?
Dollar General must adapt to new customer habits and handle supply chain issues. It also needs to stay ahead in a changing market. But, its wide store network, focus on value, and support from big investors help it grow.