B. Riley Wealth Advisors Inc. Has $867,000 Position in Dollar General Co. (NYSE:DG)

B. Riley Wealth Advisors Inc. lowered its stake in shares of Dollar General Co. (NYSE:DG) by 23.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,559 shares of the company’s stock after selling 2,021 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Dollar General were worth $867,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Bank & Trust Co acquired a new stake in shares of Dollar General in the 2nd quarter valued at $26,000. Fortis Group Advisors LLC lifted its stake in shares of Dollar General by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the 2nd quarter valued at $33,000. Studio Investment Management LLC lifted its stake in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after acquiring an additional 153 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Dollar General in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Price Performance

DG stock opened at $84.35 on Friday. The company has a market capitalization of $18.55 billion, a P/E ratio of 12.28, a price-to-earnings-growth ratio of 2.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The business has a 50-day simple moving average of $100.95 and a two-hundred day simple moving average of $125.07.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $10.37 billion. During the same quarter in the previous year, the firm earned $2.13 EPS. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts expect that Dollar General Co. will post 5.85 EPS for the current fiscal 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 paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.80%. Dollar General’s payout ratio is presently 34.35%.

Insider Transactions at Dollar General

In related news, Director Warren F. Bryant purchased 500 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average price of $80.40 per share, with a total value of $40,200.00. Following the acquisition, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $83.25, for a total transaction of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares of the company’s stock, valued at $762,819.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction on Thursday, September 5th. The shares were acquired at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now directly owns 41,030 shares in the company, valued at approximately $3,298,812. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DG shares. Melius Research started coverage on Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 target price for the company. Wells Fargo & Company lowered their target price on Dollar General from $145.00 to $130.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 27th. Gordon Haskett lowered Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Friday, August 30th. Bank of America lowered their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research report on Friday, August 30th. Finally, Citigroup lowered Dollar General from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $91.00 to $73.00 in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $109.48.

About Dollar General

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.