Legacy Wealth Asset Management LLC Decreases Stock Position in Dollar General Corporation $DG

Legacy Wealth Asset Management LLC decreased its position in Dollar General Corporation (NYSE:DGFree Report) by 82.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,572 shares of the company’s stock after selling 16,765 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Dollar General were worth $369,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Caldwell Trust Co acquired a new stake in Dollar General during the 2nd quarter valued at $25,000. Elevation Point Wealth Partners LLC purchased a new position in Dollar General in the 2nd quarter valued at about $25,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Dollar General during the second quarter valued at about $26,000. Hantz Financial Services Inc. increased its position in shares of Dollar General by 46.8% during the second quarter. Hantz Financial Services Inc. now owns 439 shares of the company’s stock worth $50,000 after acquiring an additional 140 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new position in shares of Dollar General in the second quarter worth about $51,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Up 0.1%

DG stock opened at $137.42 on Tuesday. The firm has a market cap of $30.25 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.50 and a beta of 0.27. Dollar General Corporation has a 1-year low of $66.43 and a 1-year high of $138.46. The firm has a fifty day moving average price of $110.82 and a two-hundred day moving average price of $109.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.17 and a quick ratio of 0.24.

Dollar General (NYSE:DGGet Free Report) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.33. The business had revenue of $10.65 billion during the quarter, compared to the consensus estimate of $10.60 billion. Dollar General had a net margin of 3.03% and a return on equity of 18.59%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.89 EPS. Dollar General has set its FY 2025 guidance at 6.300-6.500 EPS. Research analysts predict that Dollar General Corporation will post 5.75 EPS for the current year.

Dollar General Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 20th. Investors of record on Tuesday, January 6th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $2.36 annualized dividend and a dividend yield of 1.7%. Dollar General’s dividend payout ratio (DPR) is 40.76%.

Key Stores Impacting Dollar General

Here are the key news stories impacting Dollar General this week:

Analyst Ratings Changes

A number of brokerages have weighed in on DG. Jefferies Financial Group raised their price objective on Dollar General from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Wall Street Zen raised shares of Dollar General from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Evercore ISI set a $130.00 price target on shares of Dollar General in a research note on Friday, December 5th. Sanford C. Bernstein upped their price target on shares of Dollar General from $122.00 to $134.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, BNP Paribas Exane increased their price objective on shares of Dollar General from $118.00 to $127.00 and gave the company a “neutral” rating in a research note on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $131.73.

Read Our Latest Stock Report on Dollar General

Insider Buying and Selling at Dollar General

In related news, CAO Anita C. Elliott sold 2,516 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $132.52, for a total transaction of $333,420.32. Following the completion of the transaction, the chief accounting officer directly owned 29,344 shares in the company, valued at $3,888,666.88. This represents a 7.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Carman R. Wenkoff sold 19,166 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $132.01, for a total transaction of $2,530,103.66. Following the transaction, the executive vice president directly owned 43,179 shares of the company’s stock, valued at approximately $5,700,059.79. This trade represents a 30.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 58,673 shares of company stock worth $7,713,389. 0.56% of the stock is owned by company insiders.

About Dollar General

(Free Report)

Dollar General Corporation is a U.S.-based variety and discount retailer operating a large network of small-format stores that serve primarily rural and suburban communities. The company is publicly traded on the New York Stock Exchange under the ticker DG and is headquartered in the Nashville/Goodlettsville, Tennessee area. Founded in 1939, Dollar General has grown from a regional operation into one of the nation’s prominent low-price retailers focused on convenience and value.

Dollar General’s stores offer a wide assortment of everyday consumables and household goods, including food and beverage items, cleaning supplies, health and beauty products, paper goods, apparel basics, seasonal merchandise and small household items.

Further Reading

Institutional Ownership by Quarter for Dollar General (NYSE:DG)

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