Legacy Advisors LLC Trims Stock Position in Dollar General Co. (NYSE:DG)

Legacy Advisors LLC trimmed its holdings in Dollar General Co. (NYSE:DG) by 8.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,771 shares of the company’s stock after selling 680 shares during the quarter. Legacy Advisors LLC’s holdings in Dollar General were worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Burkett Financial Services LLC purchased a new stake in shares of Dollar General in the fourth quarter worth about $26,000. Bank & Trust Co purchased a new position in Dollar General during the second quarter valued at approximately $26,000. Fortis Group Advisors LLC lifted its holdings in Dollar General by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Dollar General in the 2nd quarter worth approximately $33,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of Dollar General during the 4th quarter worth approximately $37,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Price Performance

Shares of DG opened at $82.97 on Friday. The company has a market cap of $18.25 billion, a P/E ratio of 12.08, a PEG ratio of 2.25 and a beta of 0.43. Dollar General Co. has a fifty-two week low of $82.68 and a fifty-two week high of $168.07. The company has a quick ratio of 0.18, a current ratio of 1.22 and a debt-to-equity ratio of 0.86. The firm’s 50 day moving average price is $122.17 and its 200 day moving average price is $136.05.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.09). The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.37 billion. Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. On average, research analysts forecast that Dollar General Co. will post 6.45 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, October 8th. Dollar General’s dividend payout ratio is presently 34.35%.

Analyst Upgrades and Downgrades

DG has been the subject of several analyst reports. Loop Capital decreased their target price on shares of Dollar General from $130.00 to $90.00 and set a “hold” rating for the company in a research note on Friday. Argus lowered their target price on shares of Dollar General from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. BMO Capital Markets cut their price target on Dollar General from $130.00 to $90.00 and set a “market perform” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on Dollar General from $130.00 to $97.00 and set a “neutral” rating for the company in a report on Friday. Finally, Morgan Stanley lowered Dollar General from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $170.00 to $100.00 in a report on Friday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollar General currently has a consensus rating of “Hold” and a consensus price target of $118.48.

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.