Janney Montgomery Scott LLC Grows Stock Position in Dollar General Co. (NYSE:DG)

Janney Montgomery Scott LLC lifted its holdings in shares of Dollar General Co. (NYSE:DG) by 36.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 79,764 shares of the company’s stock after acquiring an additional 21,128 shares during the period. Janney Montgomery Scott LLC’s holdings in Dollar General were worth $6,746,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Texas Permanent School Fund Corp raised its stake in Dollar General by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 45,372 shares of the company’s stock worth $7,081,000 after acquiring an additional 511 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Dollar General by 31.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 19,776 shares of the company’s stock worth $3,086,000 after purchasing an additional 4,780 shares during the last quarter. Forsta AP Fonden lifted its holdings in shares of Dollar General by 10.7% during the first quarter. Forsta AP Fonden now owns 43,500 shares of the company’s stock worth $6,789,000 after purchasing an additional 4,200 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in Dollar General in the first quarter valued at approximately $15,896,000. Finally, Concurrent Investment Advisors LLC increased its holdings in Dollar General by 215.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 8,753 shares of the company’s stock worth $1,366,000 after buying an additional 5,982 shares during the period. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Down 1.4 %

DG stock opened at $77.00 on Friday. Dollar General Co. has a 52 week low of $76.76 and a 52 week high of $168.07. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm has a 50-day simple moving average of $82.44 and a 200-day simple moving average of $112.68. The stock has a market capitalization of $16.93 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.40 and a beta of 0.45.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. Dollar General’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.13 earnings per share. Equities analysts forecast that Dollar General Co. will post 5.86 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 3.06%. Dollar General’s dividend payout ratio (DPR) is presently 36.65%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Truist Financial decreased their price objective on shares of Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Melius Research started coverage on shares of Dollar General in a report on Monday, September 23rd. They issued a “hold” rating and a $85.00 price target on the stock. Evercore ISI reduced their price objective on Dollar General from $115.00 to $105.00 and set an “in-line” rating for the company in a research note on Tuesday, October 22nd. Gordon Haskett downgraded Dollar General from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research note on Friday, August 30th. Finally, Raymond James reduced their price target on Dollar General from $150.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.05.

Insider Transactions at Dollar General

In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $250,187.42. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Warren F. Bryant bought 1,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $80.83 per share, with a total value of $80,830.00. Following the purchase, the director now directly owns 42,030 shares of the company’s stock, valued at $3,397,284.90. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven R. Deckard sold 2,010 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total transaction of $174,186.60. Following the transaction, the executive vice president now directly owns 2,887 shares in the company, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

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.