Janney Montgomery Scott LLC Has $11.05 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Janney Montgomery Scott LLC lifted its holdings in shares of Dollar General Co. (NYSE:DGFree Report) by 38.7% during the 4th quarter, Holdings Channel reports. The firm owned 81,248 shares of the company’s stock after purchasing an additional 22,656 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Dollar General were worth $11,046,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General during the fourth quarter valued at about $25,000. MV Capital Management Inc. grew its stake in shares of Dollar General by 78.0% in the 4th quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock valued at $30,000 after buying an additional 96 shares during the period. Lowe Wealth Advisors LLC bought a new stake in Dollar General in the 4th quarter valued at about $33,000. Studio Investment Management LLC acquired a new position in Dollar General during the 3rd quarter worth approximately $26,000. Finally, Montag A & Associates Inc. bought a new position in Dollar General in the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the sale, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the completion of the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at $505,778.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the completion of the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at $4,636,371.17. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DG has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a report on Friday, March 15th. Truist Financial boosted their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research note on Wednesday, March 6th. Argus boosted their target price on shares of Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, BMO Capital Markets raised their price target on shares of Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research report on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and an average target price of $153.08.

Read Our Latest Stock Analysis on Dollar General

Dollar General Stock Performance

Shares of DG stock opened at $142.13 on Friday. Dollar General Co. has a 52 week low of $101.09 and a 52 week high of $218.36. The firm’s 50-day simple moving average is $148.21 and its two-hundred day simple moving average is $138.26. The firm has a market cap of $31.22 billion, a price-to-earnings ratio of 18.80, a P/E/G ratio of 2.54 and a beta of 0.44. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.15 and a current ratio of 1.19.

Dollar General (NYSE:DGGet Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported $1.83 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The company had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $9.77 billion. During the same quarter in the previous year, the firm posted $2.96 EPS. Dollar General’s revenue was down 3.4% on a year-over-year basis. As a group, equities analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a dividend of $0.59 per share. The ex-dividend date was Monday, April 8th. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. Dollar General’s payout ratio is 31.22%.

Dollar General Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dollar General Co. (NYSE:DGFree Report).

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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