LGT Fund Management Co Ltd. Acquires Shares of 19,830 Dollar General Co. (NYSE:DG)

LGT Fund Management Co Ltd. purchased a new position in Dollar General Co. (NYSE:DG - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,830 shares of the company's stock, valued at approximately $1,504,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DG. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter worth $33,000. Providence First Trust Co bought a new stake in shares of Dollar General during the 4th quarter valued at about $33,000. Bogart Wealth LLC raised its stake in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after acquiring an additional 361 shares during the period. Venturi Wealth Management LLC lifted its holdings in Dollar General by 126.4% in the fourth quarter. Venturi Wealth Management LLC now owns 498 shares of the company's stock worth $38,000 after acquiring an additional 278 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Dollar General in the fourth quarter valued at approximately $39,000. 91.77% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael M. Calbert sold 6,000 shares of the stock in a transaction on Tuesday, December 31st. The stock was 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 owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. This represents a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DG shares. Gordon Haskett downgraded Dollar General from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 28th. Truist Financial cut their target price on Dollar General from $94.00 to $83.00 and set a "hold" rating on the stock in a research note on Friday, December 6th. The Goldman Sachs Group lowered their price target on shares of Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Jefferies Financial Group cut their price objective on shares of Dollar General from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. Finally, Telsey Advisory Group decreased their target price on shares of Dollar General from $103.00 to $90.00 and set a "market perform" rating for the company in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $96.04.

Dollar General Price Performance

Shares of NYSE DG traded up $0.58 during midday trading on Wednesday, reaching $73.50. The company's stock had a trading volume of 1,168,923 shares, compared to its average volume of 3,409,380. The company has a market cap of $16.16 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average price of $73.22 and a 200 day moving average price of $80.27.

Dollar General (NYSE:DG - Get Free Report) last posted its quarterly earnings results on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.08). The company had revenue of $10.18 billion during the quarter, compared to the consensus estimate of $10.14 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.26 EPS. On average, equities research analysts expect that Dollar General Co. will post 5.75 EPS for the current year.

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.