Kentucky Retirement Systems Insurance Trust Fund Sells 575 Shares of Dollar General Co. (NYSE:DG)

Kentucky Retirement Systems Insurance Trust Fund decreased its stake in shares of Dollar General Co. (NYSE:DG) by 7.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,244 shares of the company’s stock after selling 575 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dollar General were worth $1,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV boosted its position in Dollar General by 12.4% in the first quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after buying an additional 76 shares in the last quarter. Fidelis Capital Partners LLC raised its holdings in Dollar General by 3.3% in the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after purchasing an additional 77 shares during the period. ORG Partners LLC raised its holdings in Dollar General by 13.2% in the fourth quarter. ORG Partners LLC now owns 754 shares of the company’s stock worth $103,000 after purchasing an additional 88 shares during the period. Rise Advisors LLC raised its holdings in shares of Dollar General by 14.8% during the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after acquiring an additional 90 shares during the period. Finally, MV Capital Management Inc. raised its holdings in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 0.9 %

NYSE:DG traded down $1.08 during midday trading on Monday, hitting $117.01. 426,928 shares of the company traded hands, compared to its average volume of 2,416,696. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The firm’s fifty day moving average is $129.76 and its 200-day moving average is $138.99. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $171.73. The firm has a market capitalization of $25.73 billion, a P/E ratio of 17.19, a P/E/G ratio of 2.32 and a beta of 0.43.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.08. Dollar General had a return on equity of 22.80% and a net margin of 3.85%. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter last year, the company earned $2.34 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Stockholders of record on Tuesday, July 9th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

Wall Street Analyst Weigh In

DG has been the topic of several recent research reports. Truist Financial lowered their price target on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Loop Capital lifted their target price on shares of Dollar General from $135.00 to $140.00 and gave the stock a “hold” rating in a report on Friday, June 28th. Piper Sandler cut their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. BMO Capital Markets cut their price objective on shares of Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a report on Friday, May 31st. Finally, Argus dropped their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Monday, July 15th. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $147.86.

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.