Teachers Retirement System of The State of Kentucky Decreases Stake in Dollar General Co. (NYSE:DG)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Dollar General Co. (NYSE:DG) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,622 shares of the company’s stock after selling 475 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dollar General were worth $2,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Massmutual Trust Co. FSB ADV lifted its stake in Dollar General by 12.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after buying an additional 76 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Dollar General by 3.3% during the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock valued at $378,000 after buying an additional 77 shares during the period. Industrial Alliance Investment Management Inc. boosted its position in Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after acquiring an additional 80 shares during the last quarter. Pullen Investment Management LLC lifted its stake in shares of Dollar General by 4.3% during the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after purchasing an additional 87 shares during the period. Finally, Pathway Financial Advisers LLC boosted its holdings in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America dropped their target price on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Daiwa America downgraded shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. dropped their price target on shares of Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a research report on Friday, August 30th. Loop Capital decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. Finally, Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $109.48.

Dollar General Stock Performance

Shares of Dollar General stock opened at $84.35 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The firm has a market cap of $18.55 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. Dollar General Co. has a 1 year low of $77.96 and a 1 year high of $168.07. The firm’s 50-day simple moving average is $100.95 and its 200-day simple moving average is $125.07.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. During the same period last year, the company posted $2.13 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Equities analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

Insider Buying and Selling

In related news, Director Warren F. Bryant bought 1,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now owns 42,030 shares in the company, valued at approximately $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of Dollar General stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant bought 1,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

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.