Dollar General Co. (NYSE:DG) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in Dollar General Co. (NYSE:DG) by 36.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,764 shares of the company’s stock after purchasing an additional 21,128 shares during the period. Janney Montgomery Scott LLC’s holdings in Dollar General were worth $6,746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Bank & Trust Co acquired a new stake in Dollar General in the 2nd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Dollar General in the 2nd quarter valued at about $33,000. Studio Investment Management LLC raised its stake in Dollar General by 117.7% during 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. Strategic Financial Concepts LLC purchased a new position in shares of Dollar General in the 2nd quarter valued at approximately $37,000. Finally, TruNorth Capital Management LLC acquired a new position in shares of Dollar General in the second quarter valued at approximately $39,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dollar General news, Director Warren F. Bryant purchased 500 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average cost of $80.40 per share, for a total transaction of $40,200.00. Following the acquisition, the director now owns 41,030 shares of the company’s stock, valued at approximately $3,298,812. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Warren F. Bryant purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were bought at an average cost of $80.40 per share, with a total value of $40,200.00. Following the transaction, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 0.49% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DG. Bank of America lowered their price objective on shares of Dollar General from $118.00 to $95.00 and set an “underperform” rating on the stock in a research report on Friday, August 30th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Sanford C. Bernstein assumed coverage on Dollar General in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $98.00 price objective on the stock. Telsey Advisory Group downgraded Dollar General from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Finally, Truist Financial decreased their price target on Dollar General from $135.00 to $130.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $107.05.

Dollar General Price Performance

Shares of NYSE:DG opened at $77.00 on Friday. Dollar General Co. has a one year low of $76.76 and a one year high of $168.07. The stock has a market cap of $16.93 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 2.40 and a beta of 0.45. The business’s fifty day moving average price is $82.44 and its two-hundred day moving average price is $112.68. 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 (NYSE:DG) last announced its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.09). The firm had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. Dollar General had a net margin of 3.57% and a return on equity of 20.62%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.13 EPS. On average, analysts forecast that Dollar General Co. will post 5.86 EPS for the current fiscal year.

Dollar General Announces Dividend

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

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.