Jefferies Financial Group Inc. Invests $764,000 in Dollar General Corporation (NYSE:DG)

Jefferies Financial Group Inc. acquired a new position in Dollar General Corporation (NYSE:DG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 8,694 shares of the company's stock, valued at approximately $764,000.

Other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in shares of Dollar General during the 4th quarter valued at $25,000. Ameriflex Group Inc. acquired a new position in Dollar General during the fourth quarter valued at approximately $31,000. Mountain Hill Investment Partners Corp. raised its holdings in Dollar General by 66.7% in the 1st quarter. Mountain Hill Investment Partners Corp. now owns 500 shares of the company's stock worth $44,000 after acquiring an additional 200 shares during the period. Golden State Wealth Management LLC lifted its position in Dollar General by 170.1% during the 1st quarter. Golden State Wealth Management LLC now owns 543 shares of the company's stock worth $48,000 after acquiring an additional 342 shares during the last quarter. Finally, CVA Family Office LLC grew its holdings in Dollar General by 39.4% in the 1st quarter. CVA Family Office LLC now owns 570 shares of the company's stock valued at $50,000 after buying an additional 161 shares during the last quarter. Institutional investors own 91.77% of the company's stock.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total transaction of $222,497.00. Following the completion of the sale, the executive vice president directly owned 46,563 shares of the company's stock, valued at approximately $5,261,619. This trade represents a 4.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen A. Reardon sold 6,438 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $111.56, for a total transaction of $718,223.28. Following the sale, the executive vice president owned 41,646 shares of the company's stock, valued at approximately $4,646,027.76. The trade was a 13.39% decrease in their position. The disclosure for this sale can be found here. 0.56% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. Citigroup raised their price objective on Dollar General from $101.00 to $112.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Guggenheim increased their target price on shares of Dollar General from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. Raymond James Financial upped their price objective on shares of Dollar General from $100.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler raised their price target on Dollar General from $112.00 to $115.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $120.00 target price on shares of Dollar General in a research note on Thursday, July 17th. Sixteen investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Dollar General presently has a consensus rating of "Hold" and an average target price of $108.40.

Dollar General Stock Up 2.2%

DG stock traded up $2.39 during trading on Wednesday, reaching $113.25. 2,858,822 shares of the stock were exchanged, compared to its average volume of 2,647,912. The firm's 50 day moving average is $110.54 and its 200 day moving average is $93.13. The firm has a market cap of $24.92 billion, a P/E ratio of 21.61, a price-to-earnings-growth ratio of 2.71 and a beta of 0.31. The company has a current ratio of 1.23, a quick ratio of 0.20 and a debt-to-equity ratio of 0.74. Dollar General Corporation has a twelve month low of $66.43 and a twelve month high of $126.98.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.32. The business had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. Dollar General had a net margin of 2.81% and a return on equity of 17.93%. Dollar General's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.65 EPS. As a group, research analysts forecast that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, July 8th. Dollar General's dividend payout ratio (DPR) is presently 45.04%.

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.