Public Employees Retirement Association of Colorado Sells 1,035 Shares of Dollar General Co. (NYSE:DG)

Public Employees Retirement Association of Colorado cut its holdings in shares of Dollar General Co. (NYSE:DG) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,536 shares of the company’s stock after selling 1,035 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Dollar General were worth $4,038,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its stake in shares of Dollar General by 26.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 29,628 shares of the company’s stock valued at $3,918,000 after purchasing an additional 6,212 shares during the period. Intech Investment Management LLC boosted its holdings in shares of Dollar General by 66.8% during the second quarter. Intech Investment Management LLC now owns 19,545 shares of the company’s stock worth $2,584,000 after acquiring an additional 7,826 shares during the period. XTX Topco Ltd boosted its holdings in shares of Dollar General by 164.7% during the second quarter. XTX Topco Ltd now owns 22,479 shares of the company’s stock worth $2,972,000 after acquiring an additional 13,988 shares during the period. Elo Mutual Pension Insurance Co boosted its holdings in shares of Dollar General by 2.4% during the second quarter. Elo Mutual Pension Insurance Co now owns 20,539 shares of the company’s stock worth $2,716,000 after acquiring an additional 483 shares during the period. Finally, Mondrian Investment Partners LTD boosted its stake in shares of Dollar General by 28.0% in the second quarter. Mondrian Investment Partners LTD now owns 4,203 shares of the company’s stock valued at $506,000 after buying an additional 919 shares during the period. 91.77% of the stock is currently owned by institutional investors.

Dollar General Price Performance

Shares of NYSE DG opened at $86.01 on Monday. Dollar General Co. has a fifty-two week low of $77.96 and a fifty-two week high of $168.07. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 12.52, a PEG ratio of 2.36 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The firm’s 50-day simple moving average is $108.42 and its 200 day simple moving average is $129.69.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the business posted $2.13 EPS. As a group, research analysts anticipate that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.74%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Insider Transactions at Dollar General

In other news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Roderick J. West sold 2,510 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total value of $208,957.50. Following the completion of the transaction, the executive vice president now directly owns 9,163 shares of the company’s stock, valued at approximately $762,819.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at $250,187.42. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group cut their price target on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. BMO Capital Markets lowered their price target on shares of Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a report on Friday, August 30th. Oppenheimer restated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Raymond James cut their price target on shares of Dollar General from $150.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, August 30th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus price target of $113.95.

Dollar General 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.