B. Riley Wealth Advisors Inc. Purchases 1,317 Shares of Dollar General Co. (NYSE:DG)

B. Riley Wealth Advisors Inc. lifted its holdings in Dollar General Co. (NYSE:DG) by 18.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,580 shares of the company’s stock after acquiring an additional 1,317 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Dollar General were worth $1,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 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 valued at $373,000 after buying an additional 80 shares during the last quarter. Interval Partners LP bought a new stake in Dollar General in the 1st quarter valued at $87,081,000. Bayberry Capital Partners LP boosted its holdings in shares of Dollar General by 10.9% during the 1st quarter. Bayberry Capital Partners LP now owns 122,000 shares of the company’s stock valued at $19,039,000 after purchasing an additional 12,000 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Dollar General during the first quarter valued at about $1,397,000. Finally, Benchmark Investment Advisors LLC bought a new stake in shares of Dollar General in the first quarter worth about $417,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock opened at $120.94 on Thursday. The company has a current ratio of 1.22, a quick ratio of 0.18 and a debt-to-equity ratio of 0.89. The company has a market cap of $26.59 billion, a PE ratio of 17.52, a PEG ratio of 2.36 and a beta of 0.43. Dollar General Co. has a 12-month low of $101.09 and a 12-month high of $170.46. The business’s fifty day simple moving average is $128.48 and its 200-day simple moving average is $138.64.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.08. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same quarter in the prior year, the company posted $2.34 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. Analysts expect that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 23rd. Investors of record on Tuesday, July 9th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This represents a $2.36 dividend on an annualized basis and a yield of 1.95%. Dollar General’s dividend payout ratio (DPR) is 34.35%.

Analyst Upgrades and Downgrades

Several research firms have commented on DG. Loop Capital increased their price objective on shares of Dollar General from $135.00 to $140.00 and gave the company a “hold” rating in a research report on Friday, June 28th. Wells Fargo & Company decreased their price target on Dollar General from $155.00 to $145.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Truist Financial reduced their target price on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. BMO Capital Markets dropped their target price on Dollar General from $150.00 to $140.00 and set a “market perform” rating for the company in a research report on Friday, May 31st. Finally, JPMorgan Chase & Co. reduced their price target on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, May 31st. Twelve analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $147.86.

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.