Kentucky Retirement Systems Insurance Trust Fund Has $791,000 Stake in Dollar General Co. (NYSE:DG)

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

Other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its holdings in shares of Dollar General by 453.4% in the third quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock valued at $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. Baupost Group LLC MA acquired a new position in shares of Dollar General in the third quarter valued at $194,832,000. State Street Corp increased its holdings in shares of Dollar General by 8.3% in the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock valued at $842,208,000 after purchasing an additional 759,869 shares during the last quarter. Worldquant Millennium Advisors LLC acquired a new position in shares of Dollar General in the third quarter valued at $32,932,000. Finally, Equity Investment Corp increased its holdings in shares of Dollar General by 60.8% in the third quarter. Equity Investment Corp now owns 951,329 shares of the company’s stock valued at $80,454,000 after purchasing an additional 359,757 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Telsey Advisory Group decreased their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a report on Monday, December 2nd. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Friday, December 6th. BMO Capital Markets boosted their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research report on Friday, December 6th. Morgan Stanley reduced their target price on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Truist Financial reduced their target price on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Dollar General has an average rating of “Hold” and an average price target of $96.77.

Dollar General Stock Performance

Dollar General stock opened at $74.92 on Wednesday. The business has a 50 day moving average of $73.40 and a 200-day moving average of $83.38. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $168.07. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The company has a market capitalization of $16.48 billion, a P/E ratio of 12.34, a P/E/G ratio of 2.08 and a beta of 0.43.

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

Dollar General Announces Dividend

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

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 4,740 shares of the 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 of the company’s stock, valued at approximately $1,206,128. This represents a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were 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 of the company’s stock, valued at $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

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.