State of New Jersey Common Pension Fund D Has $6.87 Million Stake in Dollar General Co. (NYSE:DG)

State of New Jersey Common Pension Fund D grew its stake in Dollar General Co. (NYSE:DG) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,242 shares of the company’s stock after purchasing an additional 568 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dollar General were worth $6,871,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank & Trust Co acquired a new stake in Dollar General in the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Dollar General in the 2nd quarter worth $33,000. Studio Investment Management LLC grew its position in Dollar General by 117.7% in the 2nd 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 shares of Dollar General during the 2nd quarter valued at about $37,000. Finally, TruNorth Capital Management LLC acquired a new stake in shares of Dollar General during the 2nd quarter valued at about $39,000. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Dollar General Trading Down 0.9 %

DG opened at $76.29 on Tuesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.22 and a quick ratio of 0.24. The company has a market cap of $16.78 billion, a price-to-earnings ratio of 11.85, a price-to-earnings-growth ratio of 2.25 and a beta of 0.45. The firm has a 50 day simple moving average of $82.44 and a 200 day simple moving average of $112.25. Dollar General Co. has a fifty-two week low of $76.07 and a fifty-two week high of $168.07.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. On average, sell-side analysts anticipate that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, October 8th. Dollar General’s dividend payout ratio is currently 36.65%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DG shares. Argus decreased their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Monday, July 15th. Wells Fargo & Company decreased their target price on shares of Dollar General from $145.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 27th. Melius Research assumed coverage on shares of Dollar General in a report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target for the company. Bank of America cut their price target on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a report on Friday, August 30th. Finally, Loop Capital dropped their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” 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 and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $107.05.

Insider Activity at Dollar General

In other news, Director Warren F. Bryant acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now owns 42,030 shares in the company, valued at $3,397,284.90. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Warren F. Bryant purchased 1,000 shares of Dollar General stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the acquisition, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the transaction, the executive vice president now owns 2,887 shares of the company’s stock, valued at $250,187.42. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

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.