Stifel Financial Corp Decreases Position in Dollar General Co. (NYSE:DG)

Stifel Financial Corp lowered its stake in shares of Dollar General Co. (NYSE:DG) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,805 shares of the company’s stock after selling 25,355 shares during the period. Stifel Financial Corp’s holdings in Dollar General were worth $6,751,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Swedbank AB grew its stake in Dollar General by 21.4% in the 2nd quarter. Swedbank AB now owns 101,424 shares of the company’s stock valued at $13,411,000 after buying an additional 17,849 shares in the last quarter. Blue Trust Inc. grew its stake in Dollar General by 38.4% in the 2nd quarter. Blue Trust Inc. now owns 790 shares of the company’s stock valued at $104,000 after buying an additional 219 shares in the last quarter. TCW Group Inc. grew its stake in Dollar General by 15.4% in the 2nd quarter. TCW Group Inc. now owns 12,437 shares of the company’s stock valued at $1,645,000 after buying an additional 1,661 shares in the last quarter. Boomfish Wealth Group LLC grew its stake in Dollar General by 30.0% in the 2nd quarter. Boomfish Wealth Group LLC now owns 6,693 shares of the company’s stock valued at $885,000 after buying an additional 1,545 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Dollar General by 3.1% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 203,880 shares of the company’s stock valued at $26,959,000 after buying an additional 6,144 shares in the last quarter. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

DG has been the subject of a number of recent research reports. HSBC reduced their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Loop Capital reduced their price target on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Bernstein Bank reduced their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Wells Fargo & Company reduced their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Thursday, December 5th. Finally, Evercore ISI reduced their price target on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $98.27.

Dollar General Price Performance

DG stock opened at $76.94 on Friday. The firm’s 50-day moving average price is $79.15 and its two-hundred day moving average price is $101.68. Dollar General Co. has a 12-month low of $72.12 and a 12-month high of $168.07. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.37 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) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The company had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. Dollar General’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Dollar General Co. will post 5.77 earnings per share for the current year.

Dollar General Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, January 7th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Tuesday, January 7th. Dollar General’s dividend payout ratio is currently 38.88%.

Insider Activity at Dollar General

In other Dollar General news, EVP Steven R. Deckard sold 2,010 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $86.66, for a total value of $174,186.60. Following the sale, the executive vice president now owns 2,887 shares in the company, valued at approximately $250,187.42. This represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.49% of the stock is owned by corporate insiders.

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.