Arizona PSPRS Trust Makes New $1.24 Million Investment in Dollar General Co. (NYSE:DG)

Arizona PSPRS Trust purchased a new position in shares of Dollar General Co. (NYSE:DG) in the third quarter, Holdings Channel.com reports. The fund purchased 14,600 shares of the company’s stock, valued at approximately $1,235,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Bank & Trust Co acquired a new stake in shares of Dollar General in the second quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Dollar General during the second quarter worth $33,000. Studio Investment Management LLC raised its position in shares of Dollar General by 117.7% during the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after acquiring an additional 153 shares in the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General during the 2nd quarter worth approximately $37,000. Finally, TruNorth Capital Management LLC purchased a new position in shares of Dollar General during the second quarter worth about $39,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction on Thursday, September 12th. The stock was 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 owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction dated Thursday, September 5th. The stock was acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This represents a 1.23 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Price Performance

NYSE:DG opened at $77.27 on Monday. The company has a market capitalization of $16.99 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 2.26 and a beta of 0.45. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 52 week low of $72.12 and a 52 week high of $168.07. The company has a 50-day moving average of $80.16 and a 200-day moving average of $105.53.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $103.00 in a research note on Friday, August 30th. Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $170.00 to $100.00 in a research note on Friday, August 30th. Loop Capital decreased their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating on the stock in a report on Friday, August 30th. The Goldman Sachs Group reduced their price target on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Finally, Daiwa America downgraded Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.00.

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.