Legacy Wealth Asset Management LLC Has $356,000 Stake in Dollar General Co. (NYSE:DG)

Legacy Wealth Asset Management LLC raised its position in Dollar General Co. (NYSE:DG) by 4.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,283 shares of the company’s stock after purchasing 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 filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Comerica Bank acquired a new position in shares of Dollar General during the 3rd quarter valued at $12,047,000. Prime Capital Investment Advisors LLC lifted its position in shares of Dollar General by 294.5% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 18,924 shares of the company’s stock valued at $2,573,000 after acquiring an additional 14,127 shares during the period. Vanguard Group Inc. lifted its position in shares of Dollar General by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 25,071,820 shares of the company’s stock valued at $3,408,514,000 after acquiring an additional 3,360,413 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Dollar General during the 4th quarter valued at $18,861,000. Finally, Nexus Investment Management ULC increased its stake in Dollar General by 10.5% during the 1st quarter. Nexus Investment Management ULC now owns 191,800 shares of the company’s stock valued at $29,932,000 after purchasing an additional 18,280 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.

Dollar General Stock Performance

NYSE DG opened at $125.43 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.18 and a current ratio of 1.22. The company has a market capitalization of $27.58 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 2.47 and a beta of 0.43. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $173.47. The company has a 50-day simple moving average of $134.56 and a 200 day simple moving average of $139.86.

Dollar General (NYSE:DG) last issued its earnings results on Thursday, May 30th. The company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.08. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.89 billion. Dollar General had a net margin of 3.85% and a return on equity of 22.80%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the business earned $2.34 earnings per share. On average, research analysts predict that Dollar General Co. will post 7.21 EPS for the current year.

Dollar General Dividend Announcement

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

Insiders Place Their Bets

In other Dollar General news, Director Ralph Santana sold 3,009 shares of the stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at $505,778.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial dropped their price objective on shares of Dollar General from $140.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, May 31st. Piper Sandler dropped their price objective on shares of Dollar General from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. The Goldman Sachs Group raised their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Argus raised their price objective on shares of Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Dollar General from $161.00 to $137.00 and set a “neutral” rating on the stock in a research note on Friday, May 31st. Twelve equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $148.09.

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.