Legacy Wealth Asset Management LLC Lowers Holdings in Dollar General Co. (NYSE:DG)

Legacy Wealth Asset Management LLC lowered its position in shares of Dollar General Co. (NYSE:DG) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,982 shares of the company’s stock after selling 2,644 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Dollar General were worth $1,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quarry LP purchased a new position in Dollar General during the 2nd quarter valued at about $46,000. Pathway Financial Advisers LLC increased its holdings in Dollar General by 30.6% during the second quarter. Pathway Financial Advisers LLC now owns 376 shares of the company’s stock valued at $50,000 after buying an additional 88 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Dollar General in the third quarter worth approximately $33,000. ORG Wealth Partners LLC purchased a new stake in Dollar General during the third quarter worth $57,000. Finally, Bruce G. Allen Investments LLC boosted its position in Dollar General by 37.7% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company’s stock valued at $67,000 after acquiring an additional 217 shares in the last quarter. 91.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DG. Truist Financial reduced their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a research report on Friday, December 6th. Barclays decreased their price target on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research report on Thursday, January 9th. HSBC cut their price objective on shares of Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Evercore ISI decreased their target price on shares of Dollar General from $97.00 to $95.00 and set an “in-line” rating for the company in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company cut their price target on shares of Dollar General from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $98.18.

Insider Transactions at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the sale, the director now owns 120,322 shares in the company, valued at approximately $9,056,636.94. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Price Performance

Shares of NYSE:DG opened at $69.35 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The company’s 50 day moving average is $75.88 and its 200 day moving average is $92.44. The company has a market cap of $15.25 billion, a PE ratio of 11.42, a price-to-earnings-growth ratio of 2.12 and a beta of 0.44.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business had revenue of $10.18 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the business earned $1.26 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Dollar General Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, January 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.40%. Dollar General’s payout ratio is 38.88%.

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.