Dollar General Co. (NYSE:DG) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its position in Dollar General Co. (NYSE:DG) by 39.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 40,011 shares of the company’s stock after selling 26,353 shares during the period. State of Alaska Department of Revenue’s holdings in Dollar General were worth $6,243,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Comerica Bank acquired a new position in Dollar General in the 3rd quarter worth about $12,047,000. Prime Capital Investment Advisors LLC lifted its position in shares of Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after buying an additional 14,127 shares in the last quarter. Vanguard Group Inc. grew its stake in Dollar General by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. International Assets Investment Management LLC purchased a new stake in Dollar General in the 4th quarter worth $18,861,000. Finally, Nexus Investment Management ULC raised its position in Dollar General by 10.5% during the first quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock worth $29,932,000 after acquiring an additional 18,280 shares during the period. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Stock Down 3.1 %

DG stock opened at $125.43 on Thursday. Dollar General Co. has a one year low of $101.09 and a one year high of $173.47. The firm has a market cap of $27.58 billion, a PE ratio of 18.26, a PEG ratio of 2.55 and a beta of 0.43. The firm’s 50 day moving average price is $135.26 and its 200-day moving average price is $140.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, May 30th. The company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.34 earnings per share. On average, equities research analysts anticipate that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.88%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. BMO Capital Markets cut their target price on shares of 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. Piper Sandler cut their price objective 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. Evercore ISI decreased their target price on Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research report on Tuesday. Loop Capital lifted their price target on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Dollar General from $161.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $148.09.

Insiders Place Their Bets

In other news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 3,248 shares in the company, valued at approximately $505,778.56. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

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.