Dollar General Co. (NYSE:DG) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its position in Dollar General Co. (NYSE:DG) by 74.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,401 shares of the company’s stock after acquiring an additional 3,580 shares during the quarter. Public Sector Pension Investment Board’s holdings in Dollar General were worth $1,111,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DG. Price T Rowe Associates Inc. MD raised its holdings in Dollar General by 162.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock worth $2,472,372,000 after purchasing an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dollar General by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Capital International Investors raised its holdings in Dollar General by 13.9% during the fourth quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after purchasing an additional 2,273,119 shares in the last quarter. Pzena Investment Management LLC acquired a new stake in Dollar General during the first quarter worth approximately $301,738,000. Finally, Interval Partners LP acquired a new stake in Dollar General during the first quarter worth approximately $87,081,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, Director Warren F. Bryant acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dollar General news, Director Warren F. Bryant acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the transaction, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant bought 500 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was purchased at an average cost of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. The disclosure for this purchase can be found here. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Bank of America cut their target price on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a report on Friday, August 30th. Argus cut their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, July 15th. The Goldman Sachs Group cut their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Finally, Loop Capital cut their target price 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. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $109.48.

Dollar General Price Performance

Shares of NYSE DG opened at $84.46 on Wednesday. The firm has a market capitalization of $18.57 billion, a P/E ratio of 12.29, a PEG ratio of 2.52 and a beta of 0.44. Dollar General Co. has a one year low of $77.96 and a one year high of $168.07. The company’s fifty day moving average is $103.06 and its two-hundred day moving average is $126.18. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22.

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

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, October 8th. This represents a $2.36 annualized dividend and a dividend yield of 2.79%. Dollar General’s payout ratio is currently 34.35%.

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.