Raymond James Trust N.A. Purchases 3,092 Shares of Dollar General Co. (NYSE:DG)

Raymond James Trust N.A. lifted its stake in Dollar General Co. (NYSE:DG) by 33.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,394 shares of the company’s stock after purchasing an additional 3,092 shares during the period. Raymond James Trust N.A.’s holdings in Dollar General were worth $1,048,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Bank & Trust Co bought a new position in shares of Dollar General in the second quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Dollar General in the second quarter worth about $33,000. Studio Investment Management LLC grew its holdings in shares of Dollar General by 117.7% in the second quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after purchasing an additional 153 shares during the last quarter. Strategic Financial Concepts LLC bought a new position in shares of Dollar General in the second quarter worth about $37,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Dollar General in the second quarter worth about $39,000. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on DG shares. Jefferies Financial Group dropped their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Daiwa America cut shares of Dollar General from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Telsey Advisory Group cut shares of Dollar General from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $103.00 in a report on Friday, August 30th. Morgan Stanley cut shares of Dollar General from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $170.00 to $100.00 in a report on Friday, August 30th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Dollar General in a report on Monday, August 26th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.00.

Insider Buying and Selling

In other news, Director Warren F. Bryant acquired 500 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were acquired at an average price of $80.40 per share, with a total value of $40,200.00. Following the purchase, the director now directly owns 41,030 shares of the company’s stock, valued at $3,298,812. This trade represents a 1.23 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the sale, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. The trade was a 41.05 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Dollar General Price Performance

Shares of NYSE:DG opened at $74.93 on Monday. Dollar General Co. has a twelve month low of $72.12 and a twelve month high of $168.07. The company’s 50 day moving average is $81.16 and its 200 day moving average is $107.79. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The company has a market cap of $16.48 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.16 and a beta of 0.45.

Dollar General (NYSE:DG) last issued its quarterly earnings results on Thursday, August 29th. The company reported $1.70 earnings per share 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 business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter last year, the company posted $2.13 EPS. Dollar General’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Dollar General Co. will post 5.85 EPS for the current year.

Dollar General Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 22nd. Investors of record on Tuesday, October 8th were issued a $0.59 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $2.36 annualized dividend and a yield of 3.15%. Dollar General’s dividend payout ratio (DPR) is presently 36.65%.

Dollar General Company 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.