Arizona State Retirement System Has $4.84 Million Stock Position in Dollar General Co. (NYSE:DG)

Arizona State Retirement System boosted its stake in shares of Dollar General Co. (NYSE:DG) by 1.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 63,875 shares of the company’s stock after buying an additional 876 shares during the period. Arizona State Retirement System’s holdings in Dollar General were worth $4,843,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Pzena Investment Management LLC raised its holdings in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. State Street Corp raised its holdings in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Dollar General by 3.6% in the third quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after purchasing an additional 182,300 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of Dollar General by 8,426.1% in the fourth quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock valued at $306,424,000 after purchasing an additional 3,994,070 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new stake in shares of Dollar General in the third quarter valued at approximately $194,832,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Dollar General Trading Up 7.4 %

Shares of Dollar General stock opened at $81.87 on Friday. The firm has a 50-day moving average of $73.33 and a 200-day moving average of $79.63. The stock has a market cap of $18.01 billion, a PE ratio of 13.49, a PEG ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 EPS. As a group, sell-side analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Wall Street Analyst Weigh In

DG has been the topic of a number of recent research reports. Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. UBS Group lowered their price objective on shares of Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday. Truist Financial lowered their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $80.00 target price (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Evercore ISI lowered their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $95.09.

Dollar General Company 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.