Teachers Retirement System of The State of Kentucky Sells 1,178 Shares of Dollar General Co. (NYSE:DG)

Teachers Retirement System of The State of Kentucky cut its position in Dollar General Co. (NYSE:DG) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,030 shares of the company’s stock after selling 1,178 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dollar General were worth $2,587,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DG. ORG Partners LLC increased its stake in shares of Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock valued at $103,000 after buying an additional 88 shares during the period. Horrell Capital Management Inc. grew its stake in Dollar General by 0.3% during the fourth quarter. Horrell Capital Management Inc. now owns 29,224 shares of the company’s stock worth $3,973,000 after purchasing an additional 94 shares during the period. MV Capital Management Inc. grew its stake in Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. Covestor Ltd grew its stake in Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the period. Finally, Czech National Bank grew its stake in Dollar General by 0.3% during the fourth quarter. Czech National Bank now owns 38,439 shares of the company’s stock worth $5,226,000 after purchasing an additional 102 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DG has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Piper Sandler decreased their target price on Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. BMO Capital Markets reduced their price objective on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research note on Friday, May 31st. Morgan Stanley raised their price objective on Dollar General from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Finally, Truist Financial reduced their price objective 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. Twelve analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and an average target price of $148.41.

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other 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 value of $958,617.07. Following the completion of the transaction, the executive vice president now directly owns 28,579 shares in the company, valued at $4,636,371.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on 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 owns 3,248 shares of the company’s stock, valued at $505,778.56. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of Dollar General stock opened at $126.59 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The business’s fifty day simple moving average is $138.17 and its 200 day simple moving average is $140.03. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47. The firm has a market capitalization of $27.84 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.45.

Dollar General (NYSE:DG) last released its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the business posted $2.34 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, analysts anticipate that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Tuesday, July 9th. Dollar General’s dividend payout ratio is currently 34.35%.

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.