Teacher Retirement System of Texas Makes New $2.83 Million Investment in Dollar General Corporation (NYSE:DG)

Teacher Retirement System of Texas bought a new stake in Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 32,152 shares of the company's stock, valued at approximately $2,827,000.

Other large investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Dollar General in the 4th quarter worth approximately $25,000. Ameriflex Group Inc. bought a new stake in shares of Dollar General in the 4th quarter worth approximately $31,000. OFI Invest Asset Management bought a new stake in shares of Dollar General in the 4th quarter worth approximately $37,000. Finally, Golden State Wealth Management LLC raised its holdings in shares of Dollar General by 170.1% in the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after purchasing an additional 342 shares during the period. Institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on DG. Morgan Stanley lifted their price target on shares of Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 4th. Oppenheimer raised shares of Dollar General from a "market perform" rating to an "outperform" rating and set a $130.00 price target on the stock in a report on Wednesday, June 4th. Gordon Haskett upgraded shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Bank of America lifted their price objective on shares of Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Sanford C. Bernstein set a $120.00 price objective on shares of Dollar General in a research note on Friday, May 23rd. Sixteen 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $109.46.

Dollar General Trading Up 0.7%

Dollar General stock traded up $0.77 during mid-day trading on Friday, hitting $113.03. The company's stock had a trading volume of 2,211,738 shares, compared to its average volume of 4,110,361. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.23 and a quick ratio of 0.20. The business has a 50 day moving average price of $105.35 and a 200-day moving average price of $88.51. The stock has a market cap of $24.87 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.76 and a beta of 0.31. Dollar General Corporation has a 12 month low of $66.43 and a 12 month high of $135.46.

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

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio is currently 45.04%.

Insider Activity

In related news, EVP Kathleen A. Reardon sold 6,438 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $111.56, for a total transaction of $718,223.28. Following the transaction, the executive vice president owned 41,646 shares in the company, valued at $4,646,027.76. The trade was a 13.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction dated 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 in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by insiders.

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.