Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.55 Million Stock Position in Dollar General Co. (NYSE:DG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its stake in Dollar General Co. (NYSE:DG) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 46,761 shares of the company’s stock after selling 1,108 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dollar General were worth $3,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Dollar General in the 3rd quarter worth about $212,000. Quest Partners LLC lifted its stake in Dollar General by 9,882.7% in the 3rd quarter. Quest Partners LLC now owns 5,191 shares of the company’s stock worth $439,000 after acquiring an additional 5,139 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Dollar General by 48.5% in the 3rd quarter. Moors & Cabot Inc. now owns 2,924 shares of the company’s stock worth $247,000 after acquiring an additional 955 shares in the last quarter. Intech Investment Management LLC lifted its stake in Dollar General by 32.8% in the 3rd quarter. Intech Investment Management LLC now owns 25,959 shares of the company’s stock worth $2,195,000 after acquiring an additional 6,414 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Dollar General by 2.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,434,960 shares of the company’s stock worth $121,355,000 after acquiring an additional 31,200 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Transactions at Dollar General

In other news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares of the company’s stock, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DG has been the subject of several research analyst reports. Bank of America reduced their price objective on Dollar General from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, March 14th. Evercore ISI cut their price target on Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research note on Tuesday, December 3rd. Wells Fargo & Company cut their price target on Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Thursday, December 5th. The Goldman Sachs Group cut their price target on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, Gordon Haskett downgraded Dollar General from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $92.26.

Dollar General Stock Performance

DG opened at $83.84 on Monday. The firm has a market capitalization of $18.44 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. The stock’s 50 day moving average price is $74.58 and its two-hundred day moving average price is $77.70. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $164.12.

Dollar General (NYSE:DG) last released its earnings results on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.17. The firm had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.83 EPS. On average, equities analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Tuesday, April 8th. Dollar General’s payout ratio is presently 46.18%.

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.