Raymond James Financial Inc. Invests $45.90 Million in Dollar General Co. (NYSE:DG)

Raymond James Financial Inc. acquired a new stake in shares of Dollar General Co. (NYSE:DG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DG. IMG Wealth Management Inc. acquired a new position in Dollar General during the 4th quarter worth approximately $25,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Dollar General during the third quarter worth $33,000. Providence First Trust Co bought a new position in shares of Dollar General in the 4th quarter valued at $33,000. Bogart Wealth LLC grew its position in Dollar General by 279.8% during the 4th quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Dollar General by 126.4% in the 4th quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after purchasing an additional 278 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Wall Street Analyst Weigh In

DG has been the subject of several recent research reports. Truist Financial upped their price objective on Dollar General from $76.00 to $93.00 and gave the company a "hold" rating in a research note on Tuesday, April 8th. UBS Group lowered their target price on Dollar General from $108.00 to $95.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Tuesday, April 8th. Gordon Haskett downgraded shares of Dollar General from a "hold" rating to a "reduce" rating in a research report on Wednesday, April 9th. Finally, Bank of America dropped their price target on shares of Dollar General from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $94.75.

Insiders Place Their Bets

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the transaction, the executive vice president now owns 48,532 shares of the company's stock, valued at $4,596,951.04. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.49% of the company's stock.

Dollar General Stock Performance

NYSE:DG traded up $3.79 during trading on Friday, reaching $93.15. The company's stock had a trading volume of 4,170,050 shares, compared to its average volume of 3,882,371. The firm has a market cap of $20.49 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.18 and a beta of 0.40. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $147.87. 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 firm has a 50 day moving average of $82.11 and a 200-day moving average of $78.43.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.83 earnings per share. Research analysts expect that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, April 8th. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

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.