New York State Teachers Retirement System cut its stake in shares of Dollar General Corporation (NYSE:DG) by 1.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 414,912 shares of the company’s stock after selling 7,990 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of Dollar General Corporation worth $33,629,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sun Life Financial INC lifted its position in Dollar General Corporation by 18,170.0% during the 2nd quarter. Sun Life Financial INC now owns 1,827 shares of the company’s stock worth $132,000 after acquiring an additional 1,817 shares in the last quarter. Alpha Windward LLC raised its position in shares of Dollar General Corporation by 3.0% in the 2nd quarter. Alpha Windward LLC now owns 1,900 shares of the company’s stock valued at $137,000 after purchasing an additional 56 shares in the last quarter. Huntington National Bank raised its position in shares of Dollar General Corporation by 4.0% in the 2nd quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after purchasing an additional 75 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Dollar General Corporation by 2.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,034 shares of the company’s stock valued at $146,000 after purchasing an additional 48 shares in the last quarter. Finally, Welch Group LLC raised its position in shares of Dollar General Corporation by 27.1% in the 2nd quarter. Welch Group LLC now owns 2,267 shares of the company’s stock valued at $163,000 after purchasing an additional 483 shares in the last quarter. 90.35% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on DG shares. BidaskClub lowered Dollar General Corporation from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $68.00 target price on shares of Dollar General Corporation in a research report on Wednesday, July 19th. Buckingham Research reaffirmed a “neutral” rating and issued a $75.00 target price on shares of Dollar General Corporation in a research report on Monday, August 7th. BMO Capital Markets set a $85.00 target price on Dollar General Corporation and gave the company a “hold” rating in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research lowered Dollar General Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company. Dollar General Corporation currently has an average rating of “Hold” and an average price target of $79.84.

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Dollar General Corporation (DG) opened at $81.87 on Friday. The company has a market capitalization of $22.55 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.70 and a beta of 0.93. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 0.18.

Dollar General Corporation (NYSE:DG) last released its quarterly earnings results on Thursday, August 31st. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Dollar General Corporation had a return on equity of 22.67% and a net margin of 5.38%. The company had revenue of $5.83 billion during the quarter, compared to analysts’ expectations of $5.80 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. sell-side analysts anticipate that Dollar General Corporation will post 4.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.04 annualized dividend and a dividend yield of 1.27%. Dollar General Corporation’s payout ratio is 23.48%.

In other news, EVP Robert D. Ravener sold 11,257 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $77.00, for a total value of $866,789.00. Following the completion of the transaction, the executive vice president now owns 22,598 shares of the company’s stock, valued at $1,740,046. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.22% of the company’s stock.

Dollar General Corporation Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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