New York State Common Retirement Fund Has $11.62 Million Holdings in Dollar General Corporation (NYSE:DG)

New York State Common Retirement Fund lessened its stake in shares of Dollar General Corporation (NYSE:DG - Free Report) by 30.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,200 shares of the company's stock after selling 59,149 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of Dollar General worth $11,624,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Dollar General by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 25,231,285 shares of the company's stock worth $1,913,036,000 after purchasing an additional 160,853 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Dollar General by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 5,361,216 shares of the company's stock valued at $405,425,000 after acquiring an additional 118,204 shares during the last quarter. Invesco Ltd. raised its position in Dollar General by 32.1% during the 4th quarter. Invesco Ltd. now owns 3,380,501 shares of the company's stock worth $256,310,000 after purchasing an additional 821,608 shares during the last quarter. Two Sigma Investments LP grew its stake in shares of Dollar General by 323.1% in the 4th quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock valued at $178,491,000 after buying an additional 1,797,776 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Dollar General by 11.0% during the 4th quarter. Northern Trust Corp now owns 2,023,890 shares of the company's stock worth $153,451,000 after buying an additional 201,386 shares in the last quarter. Institutional investors own 91.77% of the company's stock.

Insiders Place Their Bets

In related news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $113.00, for a total transaction of $222,497.00. Following the transaction, the executive vice president owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the completion of the transaction, the executive vice president owned 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.56% of the company's stock.

Dollar General Stock Up 0.7%

DG stock traded up $0.80 on Friday, reaching $110.03. 2,744,096 shares of the company traded hands, compared to its average volume of 4,133,061. The company has a market cap of $24.21 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.70 and a beta of 0.31. The firm has a fifty day simple moving average of $107.75 and a 200-day simple moving average of $90.13. Dollar General Corporation has a one year low of $66.43 and a one year high of $126.98. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.32. Dollar General had a return on equity of 17.93% and a net margin of 2.81%. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same period last year, the firm earned $1.65 earnings per share. The business's quarterly revenue was up 5.3% on a year-over-year basis. Research analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.14%. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DG. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Bank of America upped their target price on shares of Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Telsey Advisory Group restated a "market perform" rating and issued a $120.00 target price on shares of Dollar General in a research note on Thursday. Raymond James Financial boosted their target price on shares of Dollar General from $100.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Truist Financial boosted their target price on shares of Dollar General from $93.00 to $112.00 and gave the stock a "hold" rating in a research note on Wednesday, June 4th. Sixteen analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $107.04.

About Dollar General

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.