Teacher Retirement System of Texas Acquires Shares of 32,152 Dollar General Corporation (NYSE:DG)

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

A number of other large investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of Dollar General in the fourth quarter worth $57,000. Victory Capital Management Inc. increased its holdings in Dollar General by 6.3% in the 4th 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 period. Proficio Capital Partners LLC acquired a new position in shares of Dollar General in the 4th quarter valued at approximately $3,846,000. Raymond James Financial Inc. bought a new stake in shares of Dollar General during the 4th quarter worth approximately $45,899,000. Finally, Candriam S.C.A. boosted its position in shares of Dollar General by 2.5% during the 4th quarter. Candriam S.C.A. now owns 13,397 shares of the company's stock worth $1,016,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Dollar General from $80.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 4th. Bank of America upped their price objective on Dollar General from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Melius raised Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Tuesday, April 8th. Morgan Stanley boosted their target price on Dollar General from $85.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 4th. Finally, UBS Group raised their price target on shares of Dollar General from $120.00 to $128.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Sixteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dollar General has an average rating of "Hold" and an average target price of $109.46.

Insider Buying and Selling

In related news, EVP Emily C. Taylor sold 1,969 shares of the business's stock in a transaction dated Tuesday, June 17th. The stock was 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 directly owned 46,563 shares of the company's stock, valued at $5,261,619. The trade was a 4.06% decrease in their position. 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 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 transaction, the executive vice president directly owned 41,646 shares in the company, valued at approximately $4,646,027.76. This trade represents a 13.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.

Dollar General Trading Up 0.7%

Shares of NYSE DG traded up $0.77 during midday trading on Friday, reaching $113.03. The stock had a trading volume of 2,211,781 shares, compared to its average volume of 4,127,866. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $132.48. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.20 and a current ratio of 1.23. The company's 50 day moving average price is $105.80 and its 200 day moving average price is $88.78. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 2.77 and a beta of 0.31.

Dollar General (NYSE:DG - Get Free Report) last issued 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 net margin of 2.81% and a return on equity of 17.93%. The business had revenue of $10.44 billion for the quarter, compared to analysts' expectations of $10.25 billion. During the same quarter in the prior year, the firm posted $1.65 earnings per share. The business's quarterly revenue was up 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.09%. The ex-dividend date is Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

Dollar General Company 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.