State Board of Administration of Florida Retirement System Raises Holdings in Dollar General Corporation $DG

State Board of Administration of Florida Retirement System increased its stake in shares of Dollar General Corporation (NYSE:DG) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,195 shares of the company’s stock after acquiring an additional 1,850 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.09% of Dollar General worth $23,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DLD Asset Management LP purchased a new position in shares of Dollar General in the second quarter worth $280,000. Korea Investment CORP grew its holdings in Dollar General by 1.6% in the 2nd quarter. Korea Investment CORP now owns 155,275 shares of the company’s stock worth $17,760,000 after acquiring an additional 2,511 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Dollar General in the 2nd quarter worth $25,000. Kiltearn Partners LLP raised its stake in shares of Dollar General by 3.1% during the second quarter. Kiltearn Partners LLP now owns 384,300 shares of the company’s stock valued at $43,956,000 after acquiring an additional 11,600 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Dollar General by 30.8% during the second quarter. Quadrant Capital Group LLC now owns 8,954 shares of the company’s stock valued at $1,024,000 after acquiring an additional 2,110 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 0.5%

Shares of Dollar General stock opened at $109.36 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.25 and a quick ratio of 0.27. The company has a 50-day moving average of $102.24 and a 200 day moving average of $106.68. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 2.10 and a beta of 0.30. Dollar General Corporation has a 1 year low of $66.43 and a 1 year high of $117.95.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, August 28th. The company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a net margin of 2.86% and a return on equity of 17.97%. The business had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same quarter in the prior year, the company earned $1.70 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on DG shares. Barclays boosted their price target on Dollar General from $119.00 to $127.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Loop Capital decreased their target price on Dollar General from $120.00 to $100.00 and set a “hold” rating for the company in a report on Tuesday, November 11th. Truist Financial lifted their price target on shares of Dollar General from $119.00 to $120.00 and gave the company a “hold” rating in a report on Friday, August 29th. Wells Fargo & Company boosted their price objective on shares of Dollar General from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Friday, August 29th. Finally, Evercore ISI cut their target price on shares of Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.14.

Dollar General Company 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.