New York State Common Retirement Fund Sells 141,700 Shares of Dollar General Co. (NYSE:DG)

New York State Common Retirement Fund trimmed its position in shares of Dollar General Co. (NYSE:DG) by 42.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,349 shares of the company’s stock after selling 141,700 shares during the period. New York State Common Retirement Fund owned about 0.09% of Dollar General worth $14,508,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DG. Pzena Investment Management LLC grew its position in Dollar General by 453.4% during the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after acquiring an additional 8,388,735 shares during the last quarter. State Street Corp boosted its stake in shares of Dollar General by 8.3% in the 3rd 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 in the last quarter. Geode Capital Management LLC grew its holdings in shares of Dollar General by 3.6% during the 3rd 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. Baupost Group LLC MA purchased a new position in Dollar General in the 3rd quarter worth $194,832,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in Dollar General by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after purchasing an additional 31,200 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Bank of America upgraded Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Friday, December 6th. Truist Financial lowered their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Gordon Haskett cut shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dollar General from $97.00 to $82.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dollar General currently has an average rating of “Hold” and an average target price of $96.77.

Insider Transactions at Dollar General

In other 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Dollar General Trading Up 0.7 %

DG opened at $76.68 on Monday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07. The stock has a market cap of $16.86 billion, a PE ratio of 12.63, a PEG ratio of 2.18 and a beta of 0.43. The business has a 50 day moving average of $73.26 and a 200-day moving average of $82.42.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.08%. Dollar General’s payout ratio is presently 38.88%.

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.