Raymond James Financial Inc. Acquires New Position in Dollar General Co. (NYSE:DG)

Raymond James Financial Inc. acquired a new stake in shares of Dollar General Co. (NYSE:DG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 605,374 shares of the company’s stock, valued at approximately $45,899,000. Raymond James Financial Inc. owned approximately 0.28% of Dollar General as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DG. Principal Financial Group Inc. grew its position in Dollar General by 2.6% in the third quarter. Principal Financial Group Inc. now owns 253,053 shares of the company’s stock worth $21,401,000 after acquiring an additional 6,372 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Dollar General in the third quarter worth $326,000. Sigma Planning Corp lifted its stake in shares of Dollar General by 72.8% in the third quarter. Sigma Planning Corp now owns 4,299 shares of the company’s stock worth $364,000 after buying an additional 1,811 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Dollar General by 0.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 81,242 shares of the company’s stock worth $6,871,000 after buying an additional 568 shares during the last quarter. Finally, Patten & Patten Inc. TN lifted its stake in shares of Dollar General by 28.2% in the third quarter. Patten & Patten Inc. TN now owns 4,976 shares of the company’s stock worth $421,000 after buying an additional 1,095 shares during the last quarter. 91.77% of the stock is owned by institutional investors.

Insider Transactions at Dollar General

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

Dollar General Stock Down 4.9 %

DG opened at $78.71 on Wednesday. The firm’s 50-day simple moving average is $73.54 and its 200-day simple moving average is $78.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The firm has a market cap of $17.31 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 2.18 and a beta of 0.44.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Jefferies Financial Group cut their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Truist Financial cut their target price 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. The Goldman Sachs Group cut their target price on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Finally, BMO Capital Markets upped their target price on shares of Dollar General from $80.00 to $84.00 and gave the company a “market perform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $95.09.

Dollar General 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.