Teachers Retirement System of The State of Kentucky Lowers Holdings in Dollar General Co. (NYSE:DG)

Teachers Retirement System of The State of Kentucky reduced its position in Dollar General Co. (NYSE:DGGet Rating) by 4.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 16,674 shares of the company’s stock after selling 725 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dollar General were worth $3,712,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DG. Financial Consulate Inc. lifted its position in Dollar General by 3.3% during the 1st quarter. Financial Consulate Inc. now owns 1,280 shares of the company’s stock worth $285,000 after acquiring an additional 41 shares in the last quarter. Seascape Capital Management increased its holdings in Dollar General by 0.3% during the 1st quarter. Seascape Capital Management now owns 14,894 shares of the company’s stock worth $3,316,000 after purchasing an additional 45 shares during the last quarter. Alaska Permanent Fund Corp increased its holdings in Dollar General by 3.4% during the 1st quarter. Alaska Permanent Fund Corp now owns 1,438 shares of the company’s stock worth $320,000 after purchasing an additional 47 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in Dollar General by 19.7% during the 1st quarter. FinTrust Capital Advisors LLC now owns 285 shares of the company’s stock worth $63,000 after purchasing an additional 47 shares during the last quarter. Finally, Westshore Wealth LLC increased its holdings in Dollar General by 2.0% during the 1st quarter. Westshore Wealth LLC now owns 2,403 shares of the company’s stock worth $535,000 after purchasing an additional 47 shares during the last quarter. 91.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Anita C. Elliott sold 5,000 shares of the company’s stock in a transaction on Friday, June 24th. The stock was sold at an average price of $247.11, for a total value of $1,235,550.00. Following the completion of the sale, the chief accounting officer now owns 16,279 shares in the company, valued at $4,022,703.69. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO John W. Garratt sold 9,570 shares of the company’s stock in a transaction on Monday, August 29th. The stock was sold at an average price of $238.11, for a total value of $2,278,712.70. Following the completion of the sale, the chief financial officer now owns 24,727 shares in the company, valued at $5,887,745.97. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anita C. Elliott sold 5,000 shares of the company’s stock in a transaction on Friday, June 24th. The shares were sold at an average price of $247.11, for a total value of $1,235,550.00. Following the sale, the chief accounting officer now directly owns 16,279 shares of the company’s stock, valued at $4,022,703.69. The disclosure for this sale can be found here. In the last quarter, insiders sold 280,422 shares of company stock worth $67,506,787. 0.73% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Truist Financial lifted their price objective on Dollar General from $227.00 to $262.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Wells Fargo & Company lifted their price objective on Dollar General from $260.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, August 22nd. Gordon Haskett upgraded Dollar General from a “hold” rating to a “buy” rating in a report on Thursday, July 14th. Oppenheimer boosted their price target on Dollar General from $240.00 to $275.00 and gave the company an “outperform” rating in a report on Tuesday, July 19th. Finally, Morgan Stanley boosted their price target on Dollar General from $250.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, August 26th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $269.85.

Dollar General Price Performance

Shares of DG opened at $243.79 on Monday. The company has a market cap of $54.99 billion, a P/E ratio of 24.28, a PEG ratio of 1.93 and a beta of 0.42. The stock has a fifty day moving average price of $247.31 and a 200 day moving average price of $236.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.02 and a quick ratio of 0.10. Dollar General Co. has a 12 month low of $183.25 and a 12 month high of $262.20.

Dollar General (NYSE:DGGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported $2.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.94 by $0.04. Dollar General had a return on equity of 37.64% and a net margin of 6.55%. The company had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.40 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, research analysts forecast that Dollar General Co. will post 11.57 earnings per share for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 18th. Shareholders of record on Tuesday, October 4th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $2.20 dividend on an annualized basis and a yield of 0.90%. Dollar General’s dividend payout ratio (DPR) is presently 21.91%.

Dollar General Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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