Dollar General Co. (NYSE:DG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in Dollar General Co. (NYSE:DG - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 348,319 shares of the company's stock after selling 27,886 shares during the quarter. California Public Employees Retirement System owned 0.16% of Dollar General worth $26,410,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DG. Public Sector Pension Investment Board raised its stake in shares of Dollar General by 14.3% in the third quarter. Public Sector Pension Investment Board now owns 9,601 shares of the company's stock valued at $812,000 after acquiring an additional 1,200 shares in the last quarter. Verition Fund Management LLC boosted its stake in shares of Dollar General by 387.7% in the 3rd quarter. Verition Fund Management LLC now owns 32,912 shares of the company's stock valued at $2,783,000 after buying an additional 26,164 shares during the period. PDT Partners LLC acquired a new position in shares of Dollar General during the third quarter worth about $211,000. Benjamin Edwards Inc. increased its stake in shares of Dollar General by 493.6% during the third quarter. Benjamin Edwards Inc. now owns 35,203 shares of the company's stock worth $2,977,000 after buying an additional 29,273 shares during the period. Finally, Centiva Capital LP increased its stake in shares of Dollar General by 79.7% during the third quarter. Centiva Capital LP now owns 5,749 shares of the company's stock worth $486,000 after buying an additional 2,549 shares during the period. Institutional investors and hedge funds own 91.77% of the company's stock.

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Analysts Set New Price Targets

DG has been the topic of a number of recent analyst reports. Gordon Haskett downgraded shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Citigroup decreased their target price on Dollar General from $73.00 to $69.00 and set a "sell" rating for the company in a research note on Friday, March 7th. The Goldman Sachs Group decreased their target price on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Piper Sandler raised their target price on shares of Dollar General from $79.00 to $81.00 and gave the stock a "neutral" rating in a research report on Friday, March 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $80.00 price target (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Dollar General presently has an average rating of "Hold" and a consensus target price of $92.26.

Dollar General Price Performance

DG stock traded down $1.60 during trading on Friday, reaching $92.82. 10,627,876 shares of the company were exchanged, compared to its average volume of 3,752,637. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $159.52. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a market cap of $20.41 billion, a P/E ratio of 15.29, a PEG ratio of 2.18 and a beta of 0.40. The stock's 50 day moving average price is $78.10 and its 200 day moving average price is $78.13.

Dollar General (NYSE:DG - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analysts' expectations of $10.26 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company's revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.83 EPS. As a group, analysts predict that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.36 annualized dividend and a yield of 2.54%. Dollar General's dividend payout ratio (DPR) is currently 46.18%.

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.