Kentucky Retirement Systems Has $2.60 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Kentucky Retirement Systems trimmed its position in Dollar General Co. (NYSE:DG) by 5.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,669 shares of the company’s stock after selling 891 shares during the quarter. Kentucky Retirement Systems’ holdings in Dollar General were worth $2,601,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after purchasing an additional 3,360,413 shares during the last quarter. Capital International Investors increased its stake in shares of Dollar General by 11.3% in the 1st quarter. Capital International Investors now owns 20,790,023 shares of the company’s stock valued at $3,244,491,000 after acquiring an additional 2,113,485 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Dollar General by 11.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,217,480 shares of the company’s stock valued at $3,155,141,000 after acquiring an additional 2,031,593 shares during the period. Capital World Investors raised its position in shares of Dollar General by 1.0% in the 4th quarter. Capital World Investors now owns 13,068,256 shares of the company’s stock valued at $1,776,629,000 after acquiring an additional 133,591 shares during the period. Finally, Norges Bank bought a new position in Dollar General during the 4th quarter worth approximately $337,150,000. 91.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

DG has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Loop Capital raised their price objective on Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a research note on Friday, June 28th. Wells Fargo & Company decreased their target price on Dollar General from $155.00 to $145.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $170.00 price target on shares of Dollar General in a research report on Thursday, May 30th. Finally, Truist Financial lowered their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $147.86.

Dollar General Price Performance

Shares of Dollar General stock traded down $1.22 on Monday, reaching $116.87. 434,434 shares of the stock were exchanged, compared to its average volume of 2,416,409. The firm’s 50 day moving average is $129.76 and its 200-day moving average is $138.99. The firm has a market cap of $25.70 billion, a PE ratio of 17.19, a P/E/G ratio of 2.32 and a beta of 0.43. 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 Co. has a one year low of $101.09 and a one year high of $171.73.

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

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

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.