B. Riley Wealth Advisors Inc. Has $482,000 Position in Dollar General Co. (NYSE:DG)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Dollar General Co. (NYSE:DG) by 11.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,778 shares of the company’s stock after selling 781 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Dollar General were worth $482,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Studio Investment Management LLC boosted its stake in Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock valued at $37,000 after purchasing an additional 153 shares during the period. Quarry LP bought a new stake in shares of Dollar General in the second quarter valued at about $46,000. Pathway Financial Advisers LLC grew its stake in shares of Dollar General by 30.6% in the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after acquiring an additional 88 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Dollar General during the third quarter worth about $33,000. Finally, Crewe Advisors LLC raised its stake in Dollar General by 73.9% in the 2nd quarter. Crewe Advisors LLC now owns 447 shares of the company’s stock worth $59,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DG. Gordon Haskett upgraded shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 8th. Melius Research began coverage on Dollar General in a research report on Monday, September 23rd. They set a “hold” rating and a $85.00 price target on the stock. Truist Financial dropped their price objective on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. HSBC reduced their target price on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Telsey Advisory Group cut their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating for the company in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $98.27.

Insiders Place Their Bets

In other news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the completion of the transaction, the executive vice president now owns 15,575 shares of the company’s stock, valued at approximately $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Dollar General Stock Down 2.7 %

Shares of NYSE:DG opened at $73.89 on Friday. Dollar General Co. has a 52-week low of $72.12 and a 52-week high of $168.07. The company has a market capitalization of $16.25 billion, a PE ratio of 12.17, a price-to-earnings-growth ratio of 2.37 and a beta of 0.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The company has a fifty day moving average of $78.51 and a 200-day moving average of $99.97.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company earned $1.26 EPS. Dollar General’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities analysts predict that Dollar General Co. will post 5.77 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 annualized dividend and a yield of 3.19%. Dollar General’s dividend payout ratio is presently 38.88%.

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.