State of Michigan Retirement System Has $9.39 Million Stock Position in Dollar General Co. (NYSE:DG)

State of Michigan Retirement System boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,154 shares of the company’s stock after buying an additional 100 shares during the period. State of Michigan Retirement System’s holdings in Dollar General were worth $9,388,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General during the 4th quarter valued at about $25,000. Studio Investment Management LLC acquired a new position in shares of Dollar General during the 3rd quarter valued at about $26,000. Burkett Financial Services LLC acquired a new position in shares of Dollar General during the 4th quarter valued at about $26,000. Fortis Group Advisors LLC increased its holdings in shares of Dollar General by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Finally, MV Capital Management Inc. boosted its stake in Dollar General by 78.0% during the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. 91.77% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dollar General

In other news, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the sale, the director now owns 3,248 shares in the company, valued at $505,778.56. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ralph Santana sold 3,009 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Price Performance

DG stock traded down $1.11 during midday trading on Tuesday, reaching $129.47. 1,532,568 shares of the company’s stock traded hands, compared to its average volume of 2,477,914. The company has a 50-day simple moving average of $135.52 and a two-hundred day simple moving average of $140.06. Dollar General Co. has a 1-year low of $101.09 and a 1-year high of $173.47. The company has a market cap of $28.47 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.60 and a beta of 0.43. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89.

Dollar General (NYSE:DG) last released its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The firm had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.89 billion. During the same period last year, the firm posted $2.34 EPS. The business’s revenue was up 6.1% on a year-over-year basis. On average, analysts anticipate that Dollar General Co. will post 7.21 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.82%. Dollar General’s payout ratio is currently 34.35%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DG. Evercore ISI decreased their target price on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research note on Tuesday. Truist Financial decreased their target price on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research note on Friday, May 31st. Loop Capital raised their price objective on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday. Argus raised their price objective on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Wells Fargo & Company reduced their price objective on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 4th. Twelve research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Dollar General presently has a consensus rating of “Hold” and an average target price of $148.09.

Dollar General 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.