Legacy Wealth Asset Management LLC Boosts Stake in Dollar General Co. (NYSE:DG)

Legacy Wealth Asset Management LLC boosted its stake in Dollar General Co. (NYSE:DG - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,255 shares of the company's stock after acquiring an additional 5,273 shares during the period. 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 hedge funds have also added to or reduced their stakes in DG. Studio Investment Management LLC lifted its holdings in shares of Dollar General by 16.4% during the 4th quarter. Studio Investment Management LLC now owns 989 shares of the company's stock valued at $75,000 after purchasing an additional 139 shares during the last quarter. Deseret Mutual Benefit Administrators grew its stake in Dollar General by 8.7% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company's stock worth $143,000 after buying an additional 150 shares during the last quarter. 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 buying an additional 192 shares in the last quarter. Colonial Trust Co SC raised its stake in Dollar General by 13.9% in the fourth quarter. Colonial Trust Co SC now owns 1,633 shares of the company's stock valued at $124,000 after buying an additional 199 shares during the last quarter. Finally, Metis Global Partners LLC boosted its holdings in Dollar General by 3.6% in the fourth quarter. Metis Global Partners LLC now owns 7,297 shares of the company's stock worth $553,000 after acquiring an additional 255 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Dollar General Price Performance

Shares of NYSE:DG traded up $15.50 during midday trading on Tuesday, reaching $112.67. 15,310,073 shares of the company's stock traded hands, compared to its average volume of 4,049,519. The company has a fifty day simple moving average of $92.83 and a two-hundred day simple moving average of $81.60. Dollar General Co. has a 1 year low of $66.43 and a 1 year high of $141.24. The company has a market cap of $24.78 billion, a P/E ratio of 18.56, a PEG ratio of 2.18 and a beta of 0.26. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15.

Dollar General (NYSE:DG - Get Free Report) last announced its 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. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. The business had revenue of $10.44 billion for the quarter, compared to analyst estimates of $10.25 billion. During the same quarter last year, the business earned $1.65 earnings per share. The company's revenue for the quarter was up 5.3% compared to the same quarter last year. Equities analysts predict that Dollar General Co. will post 5.75 EPS for the current fiscal year.

Dollar General Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 2.09%. Dollar General's dividend payout ratio (DPR) is presently 46.18%.

Insider Transactions at Dollar General

In other Dollar General news, EVP Emily C. Taylor sold 809 shares of the company's stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.56% of the company's stock.

Wall Street Analysts Forecast Growth

DG has been the subject of several research analyst reports. Gordon Haskett raised shares of Dollar General from a "reduce" rating to an "accumulate" rating in a research report on Tuesday. The Goldman Sachs Group raised their price target on shares of Dollar General from $85.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Guggenheim boosted their price objective on shares of Dollar General from $100.00 to $105.00 and gave the company a "buy" rating in a report on Thursday, May 8th. Melius upgraded Dollar General from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Tuesday, April 8th. Finally, Bank of America lifted their price target on Dollar General from $100.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Fourteen investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $98.96.

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.