Teacher Retirement System of Texas Lowers Position in Dollar General Corp. (NYSE:DG)

Teacher Retirement System of Texas lowered its holdings in Dollar General Corp. (NYSE:DG) by 16.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 380,098 shares of the company’s stock after selling 75,301 shares during the quarter. Teacher Retirement System of Texas’ holdings in Dollar General were worth $51,374,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in Dollar General by 21.3% during the first quarter. FMR LLC now owns 8,825,495 shares of the company’s stock valued at $1,052,882,000 after buying an additional 1,550,529 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Dollar General by 19,589.1% in the second quarter. Thoroughbred Financial Services LLC now owns 1,085,064 shares of the company’s stock worth $108,506,000 after buying an additional 1,079,553 shares during the period. BlackRock Inc. raised its holdings in shares of Dollar General by 3.2% in the first quarter. BlackRock Inc. now owns 22,910,261 shares of the company’s stock worth $2,733,192,000 after buying an additional 703,219 shares during the period. Alecta Pensionsforsakring Omsesidigt raised its holdings in shares of Dollar General by 35.7% in the first quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,893,000 shares of the company’s stock worth $225,873,000 after buying an additional 498,000 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of Dollar General by 16.6% in the first quarter. Janus Henderson Group PLC now owns 2,903,504 shares of the company’s stock worth $346,389,000 after buying an additional 414,388 shares during the period. 92.91% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DG traded up $1.45 during midday trading on Wednesday, hitting $138.66. 54,415 shares of the company traded hands, compared to its average volume of 1,661,155. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.16 and a quick ratio of 0.12. The company has a market cap of $35.11 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.92 and a beta of 0.67. The company’s 50-day simple moving average is $137.80 and its 200-day simple moving average is $126.83. Dollar General Corp. has a 52 week low of $98.08 and a 52 week high of $145.06.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.09. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.57 billion. Dollar General had a return on equity of 25.03% and a net margin of 6.16%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 EPS. On average, research analysts predict that Dollar General Corp. will post 6.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were given a dividend of $0.32 per share. The ex-dividend date was Monday, July 8th. This represents a $1.28 annualized dividend and a yield of 0.92%. Dollar General’s dividend payout ratio (DPR) is presently 21.44%.

DG has been the topic of several recent analyst reports. Royal Bank of Canada increased their price target on Dollar General from $133.00 to $139.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Telsey Advisory Group reiterated an “outperform” rating and issued a $138.00 price target (up from $129.00) on shares of Dollar General in a report on Friday, May 31st. KeyCorp reiterated an “overweight” rating and issued a $140.00 price target (up from $125.00) on shares of Dollar General in a report on Friday, May 31st. Morgan Stanley increased their price objective on Dollar General from $135.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, June 17th. Finally, Loop Capital raised Dollar General from a “hold” rating to a “buy” rating and increased their price objective for the stock from $105.00 to $152.00 in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $135.62.

Dollar General Company Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, Midwestern, and eastern United States. The company offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food comprising cereals, canned soups and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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