IFP Advisors Inc Purchases 1,359 Shares of Dollar General Co. (NYSE:DG)

IFP Advisors Inc grew its stake in shares of Dollar General Co. (NYSE:DG) by 32.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,538 shares of the company’s stock after purchasing an additional 1,359 shares during the quarter. IFP Advisors Inc’s holdings in Dollar General were worth $420,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. New York State Teachers Retirement System grew its holdings in shares of Dollar General by 6.7% in the third quarter. New York State Teachers Retirement System now owns 199,976 shares of the company’s stock valued at $16,912,000 after purchasing an additional 12,642 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Dollar General by 3.5% in the third quarter. Pinnacle Associates Ltd. now owns 17,012 shares of the company’s stock valued at $1,439,000 after purchasing an additional 580 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Dollar General by 23.6% in the third quarter. Stephens Inc. AR now owns 7,892 shares of the company’s stock valued at $667,000 after purchasing an additional 1,505 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Dollar General by 6.6% in the third quarter. New York State Common Retirement Fund now owns 333,049 shares of the company’s stock valued at $28,166,000 after purchasing an additional 20,655 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Dollar General by 36.0% in the third quarter. Janney Montgomery Scott LLC now owns 79,764 shares of the company’s stock valued at $6,746,000 after purchasing an additional 21,128 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the transaction, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

Dollar General Stock Performance

DG stock opened at $74.25 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.15 and a quick ratio of 0.15. The business has a 50-day moving average price of $73.31 and a 200 day moving average price of $81.22. The company has a market capitalization of $16.33 billion, a P/E ratio of 12.23, a PEG ratio of 2.18 and a beta of 0.43. Dollar General Co. has a 1-year low of $66.43 and a 1-year high of $168.07.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.08). The firm had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.26 earnings per share. As a group, equities research analysts forecast that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were issued a $0.59 dividend. The ex-dividend date was Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a yield of 3.18%. Dollar General’s dividend payout ratio is presently 38.88%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. HSBC cut their target price on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a report on Friday, November 15th. Evercore ISI cut their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a report on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Morgan Stanley dropped their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $96.77.

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.