Janney Montgomery Scott LLC Trims Stake in Dollar General Co. (NYSE:DG)

Janney Montgomery Scott LLC lowered its stake in shares of Dollar General Co. (NYSE:DGFree Report) by 33.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 58,592 shares of the company’s stock after selling 29,838 shares during the period. Janney Montgomery Scott LLC’s holdings in Dollar General were worth $6,199,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DG. Soltis Investment Advisors LLC purchased a new position in shares of Dollar General in the 3rd quarter valued at about $297,000. Atria Wealth Solutions Inc. boosted its holdings in Dollar General by 32.6% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 11,162 shares of the company’s stock worth $1,181,000 after buying an additional 2,746 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Dollar General in the 3rd quarter worth about $1,125,000. Massachusetts Financial Services Co. MA boosted its holdings in Dollar General by 78.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock worth $150,904,000 after buying an additional 627,844 shares during the last quarter. Finally, First Command Advisory Services Inc. acquired a new stake in Dollar General in the 3rd quarter worth about $85,000. Hedge funds and other institutional investors own 90.37% of the company’s stock.

Dollar General Stock Down 0.3 %

Shares of NYSE DG opened at $135.21 on Monday. The firm has a market cap of $29.68 billion, a price-to-earnings ratio of 15.56, a PEG ratio of 2.51 and a beta of 0.39. The company has a quick ratio of 0.13, a current ratio of 1.22 and a debt-to-equity ratio of 1.00. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $233.74. The business’s 50 day moving average is $133.23 and its two-hundred day moving average is $131.14.

Dollar General (NYSE:DGGet Free Report) last announced its earnings results on Thursday, December 7th. The company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.07. Dollar General had a return on equity of 31.68% and a net margin of 4.91%. The company had revenue of $9.69 billion for the quarter, compared to analyst estimates of $9.64 billion. During the same quarter in the previous year, the company earned $2.33 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Research analysts predict that Dollar General Co. will post 7.45 EPS for the current year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Monday, January 8th. Dollar General’s dividend payout ratio is currently 27.16%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DG. Piper Sandler lifted their price objective on Dollar General from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Friday, December 8th. StockNews.com cut Dollar General from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. Raymond James lowered their target price on Dollar General from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. Wells Fargo & Company boosted their target price on Dollar General from $110.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $124.00 target price on shares of Dollar General in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Dollar General presently has a consensus rating of “Hold” and a consensus target price of $146.32.

Read Our Latest Report on Dollar General

Dollar General Company 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.

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

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