Legacy Wealth Asset Management LLC Acquires 5,273 Shares of Dollar General Co. (NYSE:DG)

Legacy Wealth Asset Management LLC boosted its holdings in Dollar General Co. (NYSE:DG) by 35.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,255 shares of the company’s stock after buying an additional 5,273 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Dollar General were worth $1,781,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Studio Investment Management LLC raised its holdings in Dollar General by 16.4% in the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company’s stock valued at $75,000 after buying an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators increased its position in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $143,000 after purchasing an additional 150 shares during the period. Federated Hermes Inc. increased its position in Dollar General by 9.8% during the 4th quarter. Federated Hermes Inc. now owns 2,159 shares of the company’s stock valued at $164,000 after purchasing an additional 192 shares during the period. Colonial Trust Co SC increased its position in Dollar General by 13.9% during the 4th quarter. Colonial Trust Co SC now owns 1,633 shares of the company’s stock valued at $124,000 after purchasing an additional 199 shares during the period. Finally, Metis Global Partners LLC increased its position in Dollar General by 3.6% during the 4th quarter. Metis Global Partners LLC now owns 7,297 shares of the company’s stock valued at $553,000 after purchasing an additional 255 shares during the period. Institutional investors own 91.77% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DG shares. Gordon Haskett downgraded shares of Dollar General from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 9th. Melius Research raised shares of Dollar General from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research report on Monday, March 3rd. The Goldman Sachs Group increased their target price on shares of Dollar General from $85.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, May 19th. Finally, Telsey Advisory Group increased their target price on shares of Dollar General from $85.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Dollar General presently has an average rating of “Hold” and an average target price of $98.96.

Dollar General Price Performance

Shares of DG opened at $97.17 on Friday. Dollar General Co. has a 12-month low of $66.43 and a 12-month high of $141.24. The business’s fifty day moving average is $92.58 and its 200 day moving average is $81.42. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The stock has a market cap of $21.37 billion, a P/E ratio of 16.01, a P/E/G ratio of 2.18 and a beta of 0.27.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, March 13th. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.17. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.30 billion for the quarter, compared to analysts’ expectations of $10.26 billion. During the same period last year, the business earned $1.83 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Sell-side analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, April 8th. Dollar General’s payout ratio is presently 46.18%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 809 shares of Dollar General stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $94.72, for a total transaction of $76,628.48. Following the completion of the sale, the executive vice president now owns 48,532 shares in the company, valued at approximately $4,596,951.04. This trade represents a 1.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.56% of the company’s stock.

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.