Arizona PSPRS Trust Buys Shares of 14,600 Dollar General Co. (NYSE:DG)

Arizona PSPRS Trust bought a new stake in Dollar General Co. (NYSE:DG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,600 shares of the company’s stock, valued at approximately $1,235,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DG. Bank & Trust Co purchased a new stake in shares of Dollar General during the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Dollar General in the 2nd quarter valued at about $33,000. Studio Investment Management LLC lifted its position in shares of Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Dollar General during the second quarter valued at approximately $37,000. Finally, TruNorth Capital Management LLC bought a new position in Dollar General during the 2nd quarter worth approximately $39,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group cut their target price on shares of Dollar General from $169.00 to $122.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Truist Financial reduced their price objective on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. BMO Capital Markets decreased their price target on shares of Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a report on Monday, November 18th. Daiwa America lowered Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Raymond James decreased their target price on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, August 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.00.

Insiders Place Their Bets

In other news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Roderick J. West sold 2,510 shares of Dollar General stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. This trade represents a 21.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Stock Up 1.3 %

DG opened at $77.27 on Monday. The company has a market cap of $16.99 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.26 and a beta of 0.45. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The business’s 50-day moving average price is $80.16 and its 200-day moving average price is $105.53.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the previous year, the company earned $2.13 EPS. The business’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Dollar General Co. will post 5.85 EPS for the current year.

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.