Dollar General Co. (NYSE:DG) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lowered its position in shares of Dollar General Co. (NYSE:DG) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,400 shares of the company’s stock after selling 400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Dollar General were worth $1,640,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in shares of Dollar General in the 4th quarter valued at $18,861,000. Federated Hermes Inc. raised its stake in shares of Dollar General by 41.0% in the 4th quarter. Federated Hermes Inc. now owns 423 shares of the company’s stock valued at $58,000 after acquiring an additional 123 shares during the period. Syon Capital LLC purchased a new position in shares of Dollar General in the 4th quarter valued at $337,000. Citizens Financial Group Inc. RI purchased a new position in shares of Dollar General in the 4th quarter valued at $212,000. Finally, Headlands Technologies LLC purchased a new position in shares of Dollar General in the 4th quarter valued at $161,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Trading Up 0.3 %

NYSE DG opened at $123.60 on Friday. Dollar General Co. has a one year low of $101.09 and a one year high of $168.07. The company has a 50-day simple moving average of $124.09 and a 200-day simple moving average of $137.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The firm has a market capitalization of $27.18 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.36 and a beta of 0.43.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s payout ratio is 34.35%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Loop Capital cut their target price on shares of Dollar General from $140.00 to $130.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Truist Financial cut their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Wells Fargo & Company dropped their price target on shares of Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. BMO Capital Markets dropped their price target on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, May 31st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $168.00 price target on shares of Dollar General in a research note on Friday. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.32.

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.