Oregon Public Employees Retirement Fund Increases Position in Dollar General Co. (NYSE:DG)

Oregon Public Employees Retirement Fund increased its stake in shares of Dollar General Co. (NYSE:DG) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,896 shares of the company’s stock after purchasing an additional 159 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Dollar General were worth $2,499,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Capital Wealth Partners LLC boosted its holdings in shares of Dollar General by 123.3% in the 2nd quarter. Legacy Capital Wealth Partners LLC now owns 6,444 shares of the company’s stock valued at $852,000 after buying an additional 3,558 shares in the last quarter. Capital Square LLC grew its holdings in Dollar General by 74.2% in the second quarter. Capital Square LLC now owns 2,399 shares of the company’s stock worth $296,000 after purchasing an additional 1,022 shares during the last quarter. Versor Investments LP increased its position in shares of Dollar General by 77.1% during the second quarter. Versor Investments LP now owns 13,671 shares of the company’s stock worth $1,808,000 after purchasing an additional 5,953 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in shares of Dollar General by 2.2% during the 2nd quarter. Resonant Capital Advisors LLC now owns 16,528 shares of the company’s stock valued at $2,185,000 after purchasing an additional 353 shares during the last quarter. Finally, Cravens & Co Advisors LLC boosted its position in shares of Dollar General by 33.9% in the 2nd quarter. Cravens & Co Advisors LLC now owns 6,706 shares of the company’s stock worth $887,000 after purchasing an additional 1,699 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on DG shares. Evercore ISI reduced their target price on Dollar General from $139.00 to $100.00 and set an “in-line” rating on the stock in a research report on Friday, August 30th. Barclays decreased their price objective on shares of Dollar General from $154.00 to $102.00 and set an “overweight” rating for the company in a research report on Tuesday. Telsey Advisory Group downgraded shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $103.00 in a research report on Friday, August 30th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Finally, Morgan Stanley lowered shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $170.00 to $100.00 in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and an average price target of $113.95.

Dollar General Stock Down 0.9 %

Shares of DG stock opened at $80.34 on Friday. Dollar General Co. has a twelve month low of $77.96 and a twelve month high of $168.07. The stock has a market cap of $17.67 billion, a P/E ratio of 11.69, a P/E/G ratio of 2.25 and a beta of 0.44. The stock has a 50 day moving average of $118.37 and a 200 day moving average of $134.58. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.86.

Dollar General (NYSE:DG) last posted its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. During the same period in the previous year, the company earned $2.13 earnings per share. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, sell-side analysts expect that Dollar General Co. will post 6.45 EPS for the current year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s payout ratio is 34.35%.

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.