State of New Jersey Common Pension Fund D Lowers Stock Position in Dollar General Corporation $DG

State of New Jersey Common Pension Fund D decreased its position in shares of Dollar General Corporation (NYSE:DG) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 74,811 shares of the company’s stock after selling 1,962 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dollar General were worth $8,557,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mountain Hill Investment Partners Corp. increased its stake in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company’s stock worth $44,000 after purchasing an additional 200 shares during the period. Golden State Wealth Management LLC boosted its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company’s stock valued at $48,000 after acquiring an additional 342 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Dollar General by 384.3% during the first quarter. Larson Financial Group LLC now owns 615 shares of the company’s stock valued at $54,000 after purchasing an additional 488 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Dollar General by 35.2% during the second quarter. Harbor Investment Advisory LLC now owns 492 shares of the company’s stock valued at $56,000 after purchasing an additional 128 shares in the last quarter. Finally, Bogart Wealth LLC boosted its holdings in shares of Dollar General by 37.6% during the 1st quarter. Bogart Wealth LLC now owns 674 shares of the company’s stock valued at $59,000 after buying an additional 184 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of NYSE:DG opened at $101.92 on Monday. The firm’s 50 day moving average price is $105.49 and its 200-day moving average price is $104.83. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $117.95. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $22.43 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.30.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.30. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The company had revenue of $10.73 billion for the quarter, compared to analysts’ expectations of $10.68 billion. During the same period last year, the firm earned $1.70 EPS. Dollar General’s revenue for the quarter was up 5.1% compared to the same quarter last year. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Equities research analysts expect that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, October 7th. Dollar General’s payout ratio is currently 43.70%.

Wall Street Analyst Weigh In

DG has been the topic of a number of research reports. Wolfe Research began coverage on shares of Dollar General in a report on Thursday, September 18th. They set an “outperform” rating and a $139.00 target price on the stock. Morgan Stanley boosted their price objective on shares of Dollar General from $115.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Friday, August 29th. Evercore ISI dropped their price target on Dollar General from $114.00 to $112.00 and set an “in-line” rating on the stock in a research report on Tuesday, October 7th. Piper Sandler boosted their price target on Dollar General from $115.00 to $117.00 and gave the stock a “neutral” rating in a research report on Friday, August 29th. Finally, UBS Group boosted their price target on Dollar General from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.40.

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.