Janney Montgomery Scott LLC Has $1.42 Million Position in Dollar General Corporation (DG)

Janney Montgomery Scott LLC boosted its stake in shares of Dollar General Corporation (NYSE:DG) by 279.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,673 shares of the company’s stock after buying an additional 14,493 shares during the period. Janney Montgomery Scott LLC’s holdings in Dollar General Corporation were worth $1,418,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Alpha Windward LLC raised its stake in shares of Dollar General Corporation by 2.4% in the first quarter. Alpha Windward LLC now owns 1,844 shares of the company’s stock valued at $129,000 after buying an additional 44 shares during the last quarter. Huntington National Bank raised its stake in shares of Dollar General Corporation by 4.0% in the second quarter. Huntington National Bank now owns 1,965 shares of the company’s stock valued at $142,000 after buying an additional 75 shares during the last quarter. National Asset Management Inc. raised its stake in shares of Dollar General Corporation by 8.6% in the first quarter. National Asset Management Inc. now owns 3,273 shares of the company’s stock valued at $230,000 after buying an additional 258 shares during the last quarter. Wrapmanager Inc. raised its stake in shares of Dollar General Corporation by 15.1% in the first quarter. Wrapmanager Inc. now owns 3,566 shares of the company’s stock valued at $249,000 after buying an additional 469 shares during the last quarter. Finally, Diversified Trust Co purchased a new stake in shares of Dollar General Corporation during the second quarter valued at approximately $261,000. Institutional investors own 88.66% of the company’s stock.

Shares of Dollar General Corporation (NYSE:DG) opened at 77.15 on Thursday. Dollar General Corporation has a 12 month low of $65.97 and a 12 month high of $94.75. The stock has a market cap of $21.16 billion, a P/E ratio of 17.44 and a beta of 0.93. The company has a 50 day moving average of $72.40 and a 200 day moving average of $72.59.

Dollar General Corporation (NYSE:DG) last posted its quarterly earnings results on Thursday, June 1st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.03. Dollar General Corporation had a net margin of 5.53% and a return on equity of 23.07%. The firm had revenue of $5.61 billion for the quarter, compared to analyst estimates of $5.59 billion. During the same period in the prior year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that Dollar General Corporation will post $4.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, July 7th. Dollar General Corporation’s dividend payout ratio (DPR) is currently 23.48%.

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Several brokerages have commented on DG. Barclays PLC restated a “hold” rating and issued a $76.00 price target on shares of Dollar General Corporation in a research note on Friday, June 2nd. BidaskClub upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Buckingham Research restated a “neutral” rating and issued a $75.00 price target on shares of Dollar General Corporation in a research note on Monday. Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price objective on shares of Dollar General Corporation in a report on Wednesday, July 19th. Finally, Zacks Investment Research upgraded shares of Dollar General Corporation from a “sell” rating to a “hold” rating and set a $88.00 price objective for the company in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $80.89.

Dollar General Corporation Company Profile

Dollar General Corporation is a discount retailer. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, and other home cleaning supplies); packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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Institutional Ownership by Quarter for Dollar General Corporation (NYSE:DG)

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