Jones Financial Companies Lllp Purchases 116,065 Shares of Dollar General Co. (NYSE:DG)

Jones Financial Companies Lllp boosted its stake in Dollar General Co. (NYSE:DG - Free Report) by 75.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 270,737 shares of the company's stock after purchasing an additional 116,065 shares during the period. Jones Financial Companies Lllp owned about 0.12% of Dollar General worth $20,527,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in Dollar General during the third quarter valued at $33,000. Providence First Trust Co acquired a new stake in Dollar General during the fourth quarter worth approximately $33,000. Bogart Wealth LLC increased its holdings in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock valued at $38,000 after buying an additional 278 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $39,000. 91.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DG shares. Gordon Haskett downgraded shares of Dollar General from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 28th. Truist Financial dropped their price objective on shares of Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. Bank of America raised shares of Dollar General from an "underperform" rating to a "buy" rating and set a $95.00 target price for the company in a research report on Friday, December 6th. BMO Capital Markets lifted their price target on Dollar General from $80.00 to $84.00 and gave the company a "market perform" rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group lowered their price objective on Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $96.04.

Dollar General Stock Performance

Shares of DG stock traded up $0.88 on Wednesday, hitting $73.80. 2,614,923 shares of the stock were exchanged, compared to its average volume of 3,445,074. The firm's 50 day moving average is $73.22 and its two-hundred day moving average is $80.27. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The firm has a market capitalization of $16.23 billion, a PE ratio of 12.16, a P/E/G ratio of 2.18 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). The business had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. Dollar General's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. Sell-side analysts expect that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Michael M. Calbert sold 6,000 shares of the business's stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the transaction, the director now directly owns 120,322 shares in the company, valued at $9,056,636.94. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This trade 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 company insiders.

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.