Legacy Wealth Asset Management LLC Acquires 104 Shares of Dollar General Co. (NYSE:DG)

Legacy Wealth Asset Management LLC boosted its holdings in shares of Dollar General Co. (NYSE:DG) by 4.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,283 shares of the company’s stock after buying an additional 104 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Dollar General were worth $356,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. lifted its stake in Dollar General by 17.9% during the first quarter. First Trust Direct Indexing L.P. now owns 7,389 shares of the company’s stock worth $1,153,000 after purchasing an additional 1,120 shares during the last quarter. Advisor Resource Council bought a new stake in Dollar General during the first quarter worth about $310,000. Norden Group LLC bought a new stake in Dollar General during the first quarter worth about $2,839,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Dollar General by 0.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 518,725 shares of the company’s stock worth $80,952,000 after purchasing an additional 2,785 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in Dollar General by 10.9% during the first quarter. Capital Advisors Ltd. LLC now owns 994 shares of the company’s stock worth $155,000 after purchasing an additional 98 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Down 3.1 %

NYSE DG opened at $125.43 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.22 and a quick ratio of 0.18. The firm’s fifty day moving average price is $134.56 and its 200 day moving average price is $139.86. The company has a market capitalization of $27.58 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 2.47 and a beta of 0.43. Dollar General Co. has a 12 month low of $101.09 and a 12 month high of $173.47.

Dollar General (NYSE:DG) last issued its quarterly earnings data on Thursday, May 30th. The company reported $1.65 earnings per share (EPS) for the quarter, topping 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 company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.89 billion. During the same period last year, the firm posted $2.34 EPS. Dollar General’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, sell-side analysts expect that Dollar General Co. will post 7.21 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Tuesday, July 9th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Tuesday, July 9th. Dollar General’s dividend payout ratio (DPR) is presently 34.35%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DG shares. Morgan Stanley lifted their price objective on Dollar General from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, March 15th. BMO Capital Markets reduced their price target on Dollar General from $150.00 to $140.00 and set a “market perform” rating on the stock in a report on Friday, May 31st. Wells Fargo & Company reduced their target price 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. Argus upped their target price on Dollar General from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. dropped their price target on Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Twelve research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Dollar General presently has an average rating of “Hold” and a consensus target price of $148.09.

Insiders Place Their Bets

In related news, Director Ralph Santana sold 3,009 shares of the stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total value of $468,561.48. Following the transaction, the director now directly owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% 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.