Dollar General Co. (NYSE:DG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Dollar General Co. (NYSE:DG) by 5.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 187,334 shares of the company’s stock after selling 11,798 shares during the quarter. New York State Teachers Retirement System owned about 0.09% of Dollar General worth $24,771,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DG. Burkett Financial Services LLC acquired a new stake in shares of Dollar General in the fourth quarter valued at approximately $26,000. Bank & Trust Co purchased a new stake in shares of Dollar General during the second quarter worth approximately $26,000. Fortis Group Advisors LLC raised its stake in shares of Dollar General by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Dollar General during the second quarter worth approximately $33,000. Finally, Montag A & Associates Inc. purchased a new stake in shares of Dollar General during the fourth quarter worth approximately $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Trading Up 0.3 %

Shares of DG stock opened at $123.60 on Friday. Dollar General Co. has a fifty-two week low of $101.09 and a fifty-two week high of $168.07. The stock has a market cap of $27.18 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.36 and a beta of 0.43. The business has a fifty day simple moving average of $124.09 and a 200-day simple moving average of $137.00. 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 posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.34 earnings per share. On average, analysts forecast that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date was Tuesday, July 9th. Dollar General’s payout ratio is currently 34.35%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Argus cut their price target on Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Monday, July 15th. Telsey Advisory Group restated an “outperform” rating and set a $168.00 price target on shares of Dollar General in a research note on Friday. JPMorgan Chase & Co. cut their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, May 31st. BMO Capital Markets cut their price objective on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Finally, Evercore ISI cut their price objective on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.32.

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.