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

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

Several other hedge funds have also bought and sold shares of DG. SBI Securities Co. Ltd. bought a new position in shares of Dollar General in the fourth quarter worth about $57,000. Victory Capital Management Inc. boosted its stake in Dollar General by 6.3% during the fourth quarter. Victory Capital Management Inc. now owns 177,091 shares of the company's stock valued at $13,427,000 after buying an additional 10,517 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Dollar General during the fourth quarter valued at approximately $3,846,000. Raymond James Financial Inc. bought a new position in Dollar General during the fourth quarter valued at approximately $45,899,000. Finally, Candriam S.C.A. lifted its stake in shares of Dollar General by 2.5% in the 4th quarter. Candriam S.C.A. now owns 13,397 shares of the company's stock valued at $1,016,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Insider Buying and Selling

In other news, EVP Kathleen A. Reardon sold 6,438 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total value of $718,223.28. Following the completion of the sale, the executive vice president directly owned 41,646 shares in the company, valued at $4,646,027.76. This represents a 13.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $222,497.00. Following the completion of the sale, the executive vice president owned 46,563 shares of the company's stock, valued at $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays lifted their price target on Dollar General from $100.00 to $119.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Guggenheim raised their price objective on Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Citigroup lifted their price target on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a report on Tuesday, June 3rd. Sixteen equities research 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, the stock has an average rating of "Hold" and a consensus price target of $109.46.

Dollar General Price Performance

NYSE:DG traded down $0.11 during trading hours on Thursday, hitting $112.24. 2,519,946 shares of the stock were exchanged, compared to its average volume of 4,117,955. Dollar General Corporation has a 52-week low of $66.43 and a 52-week high of $135.46. The firm's fifty day moving average price is $104.91 and its 200 day moving average price is $88.25. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. The company has a market cap of $24.70 billion, a P/E ratio of 21.42, a P/E/G ratio of 2.76 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $1.78 EPS for the quarter, topping 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 company had revenue of $10.44 billion during the quarter, compared to analyst estimates of $10.25 billion. During the same period in the previous year, the business earned $1.65 EPS. Dollar General's quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities research analysts anticipate that Dollar General Corporation will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, July 8th. This represents a $2.36 annualized dividend and a yield of 2.10%. Dollar General's dividend payout ratio (DPR) is currently 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.