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

Lecap Asset Management Ltd. cut its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 35.2% during the 4th quarter, according to its most recent Form 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 quarter. Lecap Asset Management Ltd.'s holdings in Dollar General were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Czech National Bank increased its position in Dollar General by 7.0% during the third quarter. Czech National Bank now owns 44,794 shares of the company's stock worth $3,788,000 after purchasing an additional 2,934 shares during the last quarter. Bruce G. Allen Investments LLC increased its holdings in shares of Dollar General by 37.7% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 792 shares of the company's stock worth $67,000 after buying an additional 217 shares during the last quarter. Tobam boosted its holdings in Dollar General by 180.2% in the third quarter. Tobam now owns 58,115 shares of the company's stock valued at $4,915,000 after acquiring an additional 37,378 shares during the last quarter. Reinhart Partners LLC. grew its position in Dollar General by 32.9% during the third quarter. Reinhart Partners LLC. now owns 85,597 shares of the company's stock valued at $7,239,000 after acquiring an additional 21,188 shares during the period. Finally, Foundation Resource Management Inc. acquired a new stake in Dollar General during the third quarter worth about $8,247,000. 91.77% of the stock is owned by institutional investors and hedge funds.

Dollar General Stock Performance

DG traded down $0.23 on Tuesday, hitting $73.91. 1,192,151 shares of the company's stock were exchanged, compared to its average volume of 3,376,915. 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 stock has a fifty day moving average of $74.24 and a two-hundred day moving average of $85.33. Dollar General Co. has a twelve month low of $66.43 and a twelve month high of $168.07. The firm has a market cap of $16.26 billion, a PE ratio of 12.18, a P/E/G ratio of 2.08 and a beta of 0.43.

Dollar General (NYSE:DG - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The company reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.08). Dollar General had a return on equity of 18.85% and a net margin of 3.33%. The company had revenue of $10.18 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company earned $1.26 earnings per share. Dollar General's quarterly revenue was up 5.0% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, January 7th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, January 7th. This represents a $2.36 annualized dividend and a dividend yield of 3.19%. Dollar General's dividend payout ratio is presently 38.88%.

Insider Buying and Selling at Dollar General

In other news, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 15,575 shares in the company, valued at $1,206,128. This trade represents a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael M. Calbert sold 6,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 120,322 shares in the company, valued at approximately $9,056,636.94. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DG. Morgan Stanley decreased their target price on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Truist Financial cut their target price on shares of 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 Dollar General from $104.00 to $93.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. Jefferies Financial Group reduced their price objective on Dollar General from $110.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, November 15th. Finally, Telsey Advisory Group lowered their target price on Dollar General from $103.00 to $90.00 and set a "market perform" rating for the company in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $96.77.

About Dollar General

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.