Dollar General Co. (NYSE:DG) Position Cut by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in shares of Dollar General Co. (NYSE:DG) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,654 shares of the company’s stock after selling 200 shares during the quarter. State of Michigan Retirement System’s holdings in Dollar General were worth $4,523,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the 3rd quarter valued at about $33,000. Providence First Trust Co acquired a new position in shares of Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC grew its holdings in 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 buying an additional 361 shares in the last quarter. Venturi Wealth Management LLC increased its position in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company’s stock valued at $38,000 after acquiring an additional 278 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new stake in Dollar General during the 4th quarter valued at $39,000. Institutional investors own 91.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DG shares. UBS Group decreased their price target on Dollar General from $108.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial decreased 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. The Goldman Sachs Group dropped their price target on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. Bernstein Bank decreased their price objective on shares of Dollar General from $98.00 to $94.00 in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a report on Monday. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollar General has an average rating of “Hold” and an average target price of $95.26.

Insider Activity

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The stock was 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 trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was 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 owned by corporate insiders.

Dollar General Price Performance

DG opened at $76.13 on Friday. The firm has a market capitalization of $16.74 billion, a P/E ratio of 12.54, a PEG ratio of 2.18 and a beta of 0.44. The stock has a fifty day moving average of $73.21 and a 200-day moving average of $80.20. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $168.07.

Dollar General (NYSE:DG) last announced 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 return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the company posted $1.26 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal 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.