Teachers Retirement System of The State of Kentucky Sells 1,007 Shares of Dollar General Co. (NYSE:DG)

Teachers Retirement System of The State of Kentucky decreased its position in Dollar General Co. (NYSE:DG) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,615 shares of the company’s stock after selling 1,007 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Dollar General were worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pullen Investment Management LLC increased its stake in shares of Dollar General by 4.3% in the 2nd quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after acquiring an additional 87 shares in the last quarter. Pathway Financial Advisers LLC increased its stake in shares of Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in shares of Dollar General by 3.8% during the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 2,835 shares of the company’s stock valued at $375,000 after purchasing an additional 103 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Dollar General by 7.3% in the 2nd quarter. Wedbush Securities Inc. now owns 1,661 shares of the company’s stock worth $220,000 after purchasing an additional 113 shares in the last quarter. Finally, Lummis Asset Management LP grew its stake in shares of Dollar General by 1.2% in the 2nd quarter. Lummis Asset Management LP now owns 9,419 shares of the company’s stock worth $1,245,000 after buying an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Activity

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 completion of the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

DG opened at $76.03 on Wednesday. The company’s 50 day moving average is $78.82 and its 200 day moving average is $100.33. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.37 and a beta of 0.44. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. On average, equities research analysts predict that Dollar General Co. will post 5.77 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Tuesday, January 7th. Dollar General’s payout ratio is 38.88%.

Analyst Upgrades and Downgrades

DG has been the subject of a number of recent research reports. HSBC lowered their price objective on Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Truist Financial lowered their price target 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. Wells Fargo & Company cut their price objective 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. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, Telsey Advisory Group dropped their target price 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. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $98.27.

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.