New York State Teachers Retirement System Has $46.10 Million Position in Dollar General Corp. (DG)

New York State Teachers Retirement System increased its position in shares of Dollar General Corp. (NYSE:DG) by 1.4% in the first quarter, HoldingsChannel reports. The firm owned 386,396 shares of the company’s stock after acquiring an additional 5,200 shares during the quarter. New York State Teachers Retirement System’s holdings in Dollar General were worth $46,097,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. WESPAC Advisors SoCal LLC acquired a new position in Dollar General in the fourth quarter valued at $30,000. Ellis Investment Partners LLC acquired a new position in Dollar General in the first quarter valued at $30,000. Whittier Trust Co. boosted its stake in Dollar General by 66.3% in the fourth quarter. Whittier Trust Co. now owns 291 shares of the company’s stock valued at $31,000 after acquiring an additional 116 shares in the last quarter. We Are One Seven LLC purchased a new stake in shares of Dollar General in the fourth quarter valued at about $35,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Dollar General by 282.0% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 382 shares of the company’s stock valued at $41,000 after buying an additional 282 shares during the last quarter. Hedge funds and other institutional investors own 97.34% of the company’s stock.

In related news, EVP Robert D. Ravener sold 78,987 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $117.78, for a total transaction of $9,303,088.86. Following the completion of the transaction, the executive vice president now directly owns 62,434 shares of the company’s stock, valued at $7,353,476.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert D. Ravener sold 8,973 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $123.82, for a total transaction of $1,111,036.86. Following the completion of the transaction, the executive vice president now directly owns 17,794 shares of the company’s stock, valued at $2,203,253.08. The disclosure for this sale can be found here. Insiders have sold 143,255 shares of company stock valued at $17,037,351 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

NYSE DG opened at $119.72 on Friday. The stock has a market cap of $30.59 billion, a P/E ratio of 20.05, a PEG ratio of 1.48 and a beta of 0.72. Dollar General Corp. has a 52-week low of $86.87 and a 52-week high of $126.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.55 and a quick ratio of 0.19.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.89 by ($0.05). The firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $6.61 billion. Dollar General had a return on equity of 25.04% and a net margin of 6.20%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.48 earnings per share. As a group, sell-side analysts predict that Dollar General Corp. will post 6.42 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a dividend of $0.32 per share. This is a boost from Dollar General’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, April 8th. Dollar General’s dividend payout ratio is currently 21.44%.

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Dollar General from $121.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Morgan Stanley upped their target price on shares of Dollar General from $118.00 to $129.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Raymond James set a $127.00 target price on shares of Dollar General and gave the company a “buy” rating in a report on Tuesday, February 26th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $126.00 target price on shares of Dollar General in a report on Thursday, March 14th. Finally, Zacks Investment Research cut shares of Dollar General from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seventeen have assigned a buy rating to the company. Dollar General currently has an average rating of “Buy” and a consensus price target of $122.55.

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About Dollar General

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

Read More: Market Capitalization – What it Means for Investors

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Corp. (NYSE:DG).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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