Kentucky Retirement Systems Insurance Trust Fund Sells 4,046 Shares of Dollar General Corporation (NYSE:DG)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in shares of Dollar General Corporation (NYSE:DG - Free Report) by 38.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,388 shares of the company's stock after selling 4,046 shares during the period. Kentucky Retirement Systems Insurance Trust Fund's holdings in Dollar General were worth $562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Studio Investment Management LLC raised its stake in shares of Dollar General by 16.4% in the fourth quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after acquiring an additional 139 shares during the last quarter. Eagle Rock Investment Company LLC raised its position in Dollar General by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 28,983 shares of the company's stock worth $2,548,000 after purchasing an additional 156 shares during the last quarter. CVA Family Office LLC raised its position in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock worth $50,000 after purchasing an additional 161 shares during the last quarter. Federated Hermes Inc. raised its position in Dollar General by 9.8% in the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company's stock worth $164,000 after purchasing an additional 192 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Dollar General by 13.9% in the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock worth $124,000 after purchasing an additional 199 shares during the last quarter. 91.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on DG. Oppenheimer upgraded shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price objective for the company in a research report on Wednesday, June 4th. Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research report on Friday, May 23rd. Loop Capital boosted their price objective on shares of Dollar General from $80.00 to $110.00 and gave the stock a "hold" rating in a research report on Wednesday, June 4th. Raymond James Financial boosted their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Finally, UBS Group lifted their target price on shares of Dollar General from $120.00 to $128.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Sixteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Dollar General presently has an average rating of "Hold" and a consensus target price of $109.08.

Insider Activity

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $94.72, for a total transaction of $76,628.48. Following the transaction, the executive vice president now owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kathleen A. Reardon sold 6,438 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president now owns 41,646 shares in the company, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,216 shares of company stock valued at $1,017,349. 0.56% of the stock is owned by company insiders.

Dollar General Stock Down 0.1%

NYSE:DG traded down $0.06 on Thursday, hitting $112.71. 1,988,530 shares of the company's stock were exchanged, compared to its average volume of 4,106,609. The firm has a 50-day moving average price of $100.90 and a 200-day moving average price of $85.73. 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 Corporation has a 52 week low of $66.43 and a 52 week high of $135.46. The company has a market cap of $24.80 billion, a P/E ratio of 21.51, a price-to-earnings-growth ratio of 2.95 and a beta of 0.26.

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

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.09%. Dollar General's payout ratio is 45.04%.

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.