State of New Jersey Common Pension Fund D Has $6.22 Million Stock Holdings in Dollar General Co. (NYSE:DG)

State of New Jersey Common Pension Fund D grew its holdings in Dollar General Co. (NYSE:DG) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,094 shares of the company’s stock after buying an additional 852 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Dollar General were worth $6,224,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in DG. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General in the 3rd quarter valued at $33,000. Bogart Wealth LLC grew its holdings in shares of Dollar General by 279.8% in the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Dollar General in the 4th quarter worth about $39,000. Kentucky Trust Co bought a new stake in shares of Dollar General in the 4th quarter worth about $48,000. Finally, Studio Investment Management LLC grew its holdings in shares of Dollar General by 200.4% in the 3rd quarter. Studio Investment Management LLC now owns 850 shares of the company’s stock worth $72,000 after purchasing an additional 567 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Up 3.2 %

Dollar General stock opened at $74.92 on Wednesday. The company’s 50 day simple moving average is $73.55 and its 200 day simple moving average is $83.71. Dollar General Co. has a fifty-two week low of $66.43 and a fifty-two week high of $168.07. The firm has a market capitalization of $16.48 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.08 and a beta of 0.43. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15.

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

Dollar General Announces Dividend

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

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the business’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total transaction 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DG shares. Morgan Stanley lowered their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Gordon Haskett lowered shares of Dollar General from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 28th. Bernstein Bank lowered their target price on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Truist Financial decreased their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a report on Friday, December 6th. Finally, Sanford C. Bernstein initiated coverage on shares of Dollar General in a report on Tuesday, October 22nd. They set an “outperform” rating and a $98.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $96.77.

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.