Raymond James Financial Services Advisors Inc. Acquires 6,144 Shares of Dollar General Co. (NYSE:DG)

Raymond James Financial Services Advisors Inc. raised its holdings in Dollar General Co. (NYSE:DG) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 203,880 shares of the company’s stock after buying an additional 6,144 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Dollar General were worth $26,959,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in Dollar General by 162.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 18,185,887 shares of the company’s stock valued at $2,472,372,000 after acquiring an additional 11,257,537 shares in the last quarter. Vanguard Group Inc. raised its holdings in Dollar General by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock worth $3,408,514,000 after purchasing an additional 3,360,413 shares in the last quarter. Norges Bank purchased a new position in Dollar General during the fourth quarter valued at $337,150,000. Capital International Investors grew its position in shares of Dollar General by 13.9% in the 4th quarter. Capital International Investors now owns 18,676,538 shares of the company’s stock worth $2,539,026,000 after buying an additional 2,273,119 shares during the period. Finally, Pzena Investment Management LLC purchased a new position in Dollar General during the 1st quarter valued at about $301,738,000. 91.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Loop Capital decreased their target price on shares of Dollar General from $140.00 to $130.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Evercore ISI lowered their price objective on Dollar General from $151.00 to $148.00 and set an “in-line” rating for the company in a research note on Tuesday, July 2nd. Truist Financial lowered their price target on Dollar General from $140.00 to $135.00 and set a “hold” rating for the company in a research report on Friday, May 31st. JPMorgan Chase & Co. cut their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Finally, Piper Sandler decreased their target price on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating for the company in a report on Friday, May 31st. Twelve investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $147.41.

Dollar General Trading Up 0.0 %

Dollar General stock opened at $122.13 on Tuesday. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $168.07. The company has a market cap of $26.86 billion, a P/E ratio of 17.78, a P/E/G ratio of 2.36 and a beta of 0.43. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.89. The business has a 50-day simple moving average of $124.28 and a two-hundred day simple moving average of $137.37.

Dollar General (NYSE:DG) last announced its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. During the same period in the previous year, the business posted $2.34 earnings per share. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. Analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Tuesday, July 9th. Dollar General’s dividend payout ratio is presently 34.35%.

Dollar General Company 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.