New York State Teachers Retirement System Acquires 12,642 Shares of Dollar General Co. (NYSE:DG)

New York State Teachers Retirement System boosted its stake in shares of Dollar General Co. (NYSE:DG) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 199,976 shares of the company’s stock after buying an additional 12,642 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Dollar General worth $16,912,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DG. Fidelis Capital Partners LLC boosted its position in Dollar General by 3.3% during the 1st quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after acquiring an additional 77 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in Dollar General by 3.5% in the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock valued at $373,000 after purchasing an additional 80 shares in the last quarter. Pullen Investment Management LLC increased its stake in Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock valued at $278,000 after buying an additional 87 shares during the last quarter. Pathway Financial Advisers LLC lifted its position in Dollar General by 30.6% during the 2nd quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after buying an additional 88 shares in the last quarter. Finally, SPC Financial Inc. boosted its stake in shares of Dollar General by 6.1% during the 1st quarter. SPC Financial Inc. now owns 1,738 shares of the company’s stock worth $271,000 after buying an additional 100 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DG shares. The Goldman Sachs Group reduced their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research report on Friday, August 30th. JPMorgan Chase & Co. decreased their target price on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research note on Friday, August 30th. Truist Financial dropped their price target on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Evercore ISI decreased their price objective on shares of Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets dropped their target price on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating on the stock in a report on Friday, August 30th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.84.

Dollar General Price Performance

Dollar General stock opened at $81.76 on Friday. The stock’s fifty day moving average price is $85.33 and its two-hundred day moving average price is $114.95. The firm has a market cap of $17.98 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 2.31 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the prior year, the company earned $2.13 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts expect that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.89%. The ex-dividend date was Tuesday, October 8th. Dollar General’s payout ratio is presently 36.65%.

Insider Buying and Selling at Dollar General

In other Dollar General news, Director Warren F. Bryant bought 500 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the completion of the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

About Dollar General

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.