Kentucky Retirement Systems Insurance Trust Fund Acquires 3,923 Shares of Dollar General Co. (NYSE:DG)

Kentucky Retirement Systems Insurance Trust Fund raised its holdings in Dollar General Co. (NYSE:DG) by 60.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,434 shares of the company’s stock after buying an additional 3,923 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Dollar General were worth $791,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DG. Exchange Traded Concepts LLC bought a new stake in shares of Dollar General in the 3rd quarter worth about $202,000. Creative Planning grew its holdings in Dollar General by 148.9% during the 3rd quarter. Creative Planning now owns 144,050 shares of the company’s stock worth $12,182,000 after acquiring an additional 86,176 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in Dollar General by 2.4% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,152 shares of the company’s stock worth $2,212,000 after acquiring an additional 602 shares during the last quarter. Blue Trust Inc. grew its holdings in Dollar General by 99.4% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the company’s stock worth $133,000 after acquiring an additional 785 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in Dollar General by 4.6% during the 3rd quarter. Raymond James & Associates now owns 505,224 shares of the company’s stock worth $42,727,000 after acquiring an additional 22,277 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DG shares. HSBC decreased their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Bernstein Bank decreased their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Barclays decreased their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a report on Thursday, January 9th. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Friday, December 6th. Finally, Truist Financial cut their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dollar General has an average rating of “Hold” and a consensus target price of $96.77.

Insider Activity

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 shares were sold at an average price of $75.27, for a total value of $451,620.00. Following the sale, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Stock Performance

Shares of DG opened at $74.92 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The firm’s 50 day moving average price is $73.40 and its two-hundred day moving average price is $83.38. The firm has a market cap of $16.48 billion, a P/E ratio of 12.34, a PEG ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $1.26 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s payout ratio is currently 38.88%.

About Dollar General

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.