Public Employees Retirement Association of Colorado Has $4.93 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Public Employees Retirement Association of Colorado cut its holdings in shares of Dollar General Co. (NYSE:DG) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,571 shares of the company’s stock after selling 1,362 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dollar General were worth $4,927,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DG. Price T Rowe Associates Inc. MD lifted 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 worth $3,155,141,000 after purchasing an additional 2,031,593 shares during the period. BOKF NA lifted its position in shares of Dollar General by 214.9% in the 1st quarter. BOKF NA now owns 6,121 shares of the company’s stock worth $963,000 after purchasing an additional 4,177 shares during the period. Steel Grove Capital Advisors LLC acquired a new position in shares of Dollar General in the 1st quarter worth approximately $265,000. LRI Investments LLC acquired a new position in shares of Dollar General in the 1st quarter worth approximately $228,000. Finally, Westwood Holdings Group Inc. lifted its position in shares of Dollar General by 3.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 477,421 shares of the company’s stock worth $74,506,000 after purchasing an additional 14,794 shares during the period. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Evercore ISI dropped their price target on shares of Dollar General from $151.00 to $148.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Company lowered their price objective on shares of 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. 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 note on Friday, May 31st. Loop Capital lifted their price objective on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, June 28th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 price objective on shares of Dollar General in a research note on Thursday, May 30th. Twelve equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and an average price target of $147.86.

Dollar General Stock Down 0.6 %

DG traded down $0.65 during mid-day trading on Monday, reaching $117.44. 1,235,858 shares of the stock were exchanged, compared to its average volume of 2,422,313. 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 stock has a market capitalization of $25.83 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.32 and a beta of 0.43. The company has a 50 day moving average price of $129.76 and a two-hundred day moving average price of $138.99. Dollar General Co. has a 1 year low of $101.09 and a 1 year high of $171.73.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is currently 34.35%.

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.