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

New York State Common Retirement Fund lessened its holdings in Dollar General Co. (NYSE:DG) by 42.5% during the 4th quarter, HoldingsChannel reports. The firm owned 191,349 shares of the company’s stock after selling 141,700 shares during the period. New York State Common Retirement Fund’s holdings in Dollar General were worth $14,508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Dollar General in the third quarter valued at $33,000. Bogart Wealth LLC grew its holdings in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares during the last quarter. Venturi Wealth Management LLC raised its position in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock worth $38,000 after purchasing an additional 278 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Dollar General in the fourth quarter worth about $39,000. Finally, Kentucky Trust Co purchased a new position in shares of Dollar General during the fourth quarter valued at approximately $48,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

DG has been the topic of a number of recent analyst reports. Truist Financial reduced their target price on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. Telsey Advisory Group reduced their price target on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, December 2nd. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Friday, December 6th. Wells Fargo & Company reduced their target price on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 5th. Finally, Bernstein Bank decreased their price target on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Dollar General presently has an average rating of “Hold” and an average target price of $96.77.

Dollar General Price Performance

Shares of NYSE DG opened at $76.68 on Monday. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The company has a market cap of $16.86 billion, a PE ratio of 12.63, a P/E/G ratio of 2.18 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The business has a 50-day simple moving average of $73.26 and a two-hundred day simple moving average of $82.42.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Insider Buying and Selling

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

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.