Dollar General Co. (NYSE:DG) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its stake in shares of Dollar General Co. (NYSE:DG) by 35.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,289 shares of the company’s stock after selling 13,173 shares during the period. Lecap Asset Management Ltd.’s holdings in Dollar General were worth $1,842,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Dollar General by 1.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 26,505 shares of the company’s stock valued at $2,010,000 after buying an additional 353 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in Dollar General by 2.7% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 493,632 shares of the company’s stock valued at $37,427,000 after buying an additional 12,808 shares during the period. Robertson Stephens Wealth Management LLC increased its stake in Dollar General by 13.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,374 shares of the company’s stock valued at $407,000 after buying an additional 635 shares during the period. Absher Wealth Management LLC increased its stake in Dollar General by 204.2% during the 4th quarter. Absher Wealth Management LLC now owns 23,710 shares of the company’s stock valued at $1,798,000 after buying an additional 15,915 shares during the period. Finally, Tectonic Advisors LLC acquired a new position in Dollar General during the 4th quarter valued at about $451,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DG. Morgan Stanley lowered their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Telsey Advisory Group lowered their price objective on shares of Dollar General from $103.00 to $90.00 and set a “market perform” rating on the stock in a research note on Monday, December 2nd. Bernstein Bank lowered their price objective on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. BMO Capital Markets lifted their price objective on shares of Dollar General from $80.00 to $84.00 and gave the stock a “market perform” rating in a research note on Friday, December 6th. Finally, Barclays lowered their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $96.77.

Dollar General Stock Performance

DG stock opened at $72.61 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock has a market cap of $15.97 billion, a P/E ratio of 11.96, a P/E/G ratio of 2.11 and a beta of 0.43. The firm has a 50 day simple moving average of $74.41 and a 200 day simple moving average of $86.45. Dollar General Co. has a 52 week low of $66.43 and a 52 week high of $168.07.

Dollar General (NYSE:DG) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion for the quarter, compared to analyst estimates of $10.14 billion. Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 earnings per share. Research analysts anticipate that Dollar General Co. will post 5.75 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend was Tuesday, January 7th. Dollar General’s dividend payout ratio (DPR) is presently 38.88%.

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.