B. Riley Wealth Advisors Inc. Has $867,000 Holdings in Dollar General Co. (NYSE:DG)

B. Riley Wealth Advisors Inc. lessened its position in shares of Dollar General Co. (NYSE:DG) by 23.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,559 shares of the company’s stock after selling 2,021 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Dollar General were worth $867,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its stake in Dollar General by 12.4% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 689 shares of the company’s stock valued at $108,000 after buying an additional 76 shares in the last quarter. Fidelis Capital Partners LLC raised its position in shares of Dollar General by 3.3% during the first quarter. Fidelis Capital Partners LLC now owns 2,425 shares of the company’s stock worth $378,000 after acquiring an additional 77 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its position in shares of Dollar General by 3.5% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,390 shares of the company’s stock worth $373,000 after acquiring an additional 80 shares during the last quarter. Pullen Investment Management LLC raised its position in shares of Dollar General by 4.3% during the second quarter. Pullen Investment Management LLC now owns 2,105 shares of the company’s stock worth $278,000 after acquiring an additional 87 shares during the last quarter. Finally, Rise Advisors LLC raised its position in shares of Dollar General by 14.8% during the first quarter. Rise Advisors LLC now owns 700 shares of the company’s stock worth $109,000 after acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DG shares. Bank of America decreased their price objective on Dollar General from $118.00 to $95.00 and set an “underperform” rating for the company in a research note on Friday, August 30th. Telsey Advisory Group cut Dollar General from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $103.00 in a research note on Friday, August 30th. Gordon Haskett cut Dollar General from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Friday, August 30th. The Goldman Sachs Group decreased their target price on Dollar General from $169.00 to $122.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, Loop Capital decreased their target price on Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, August 30th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $109.48.

Insider Buying and Selling at Dollar General

In other Dollar General news, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total value of $208,957.50. Following the sale, the executive vice president now owns 9,163 shares in the company, valued at $762,819.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Roderick J. West sold 2,510 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Warren F. Bryant bought 500 shares of the stock in a transaction dated Thursday, September 5th. The shares were purchased at an average price of $80.40 per share, for a total transaction of $40,200.00. Following the purchase, the director now owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

DG opened at $84.35 on Friday. Dollar General Co. has a 52-week low of $77.96 and a 52-week high of $168.07. The firm has a market capitalization of $18.55 billion, a PE ratio of 12.28, a PEG ratio of 2.52 and a beta of 0.44. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.24 and a current ratio of 1.22. The business’s 50-day simple moving average is $100.95 and its 200 day simple moving average is $125.07.

Dollar General (NYSE:DG) last released its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The company had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business’s revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Shareholders of record on Tuesday, October 8th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 2.80%. Dollar General’s dividend payout ratio is 34.35%.

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.