New York State Common Retirement Fund raised its stake in Dollar General Corp. (NYSE:DG) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 634,057 shares of the company’s stock after acquiring an additional 11,457 shares during the quarter. New York State Common Retirement Fund owned about 0.23% of Dollar General worth $51,390,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Parsec Financial Management Inc. grew its position in shares of Dollar General by 11.9% during the 3rd quarter. Parsec Financial Management Inc. now owns 40,590 shares of the company’s stock worth $3,290,000 after purchasing an additional 4,312 shares in the last quarter. Sigma Planning Corp acquired a new position in shares of Dollar General during the 2nd quarter worth approximately $202,000. Prudential Financial Inc. grew its position in shares of Dollar General by 27.3% during the 2nd quarter. Prudential Financial Inc. now owns 453,353 shares of the company’s stock worth $32,682,000 after purchasing an additional 97,120 shares in the last quarter. Atlanta Capital Management Co. L L C grew its position in shares of Dollar General by 319.8% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,241,424 shares of the company’s stock worth $89,495,000 after purchasing an additional 945,673 shares in the last quarter. Finally, Emerald Advisers Inc. PA acquired a new position in shares of Dollar General during the 3rd quarter worth approximately $344,000. 89.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Dollar General Corp. (NYSE:DG) traded down $0.40 during mid-day trading on Wednesday, reaching $90.37. 2,650,300 shares of the company’s stock traded hands, compared to its average volume of 2,841,437. The company has a market capitalization of $24,803.72, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 1.79 and a beta of 0.96. The company has a current ratio of 1.42, a quick ratio of 0.18 and a debt-to-equity ratio of 0.47. Dollar General Corp. has a twelve month low of $65.97 and a twelve month high of $92.11.
In related news, EVP Robert D. Ravener sold 11,257 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $77.00, for a total transaction of $866,789.00. Following the sale, the executive vice president now owns 22,598 shares of the company’s stock, valued at approximately $1,740,046. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.
A number of research analysts have issued reports on DG shares. Deutsche Bank upgraded shares of Dollar General from a “hold” rating to a “buy” rating and increased their target price for the stock from $79.00 to $93.00 in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Dollar General from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, November 14th. Goldman Sachs Group reiterated a “neutral” rating and set a $89.00 price target on shares of Dollar General in a research report on Tuesday, November 14th. Bank of America reiterated a “buy” rating and set a $90.00 price target on shares of Dollar General in a research report on Friday, August 25th. Finally, Citigroup increased their price target on shares of Dollar General from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.93.
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Dollar General Profile
Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.
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