Lecap Asset Management Ltd. Buys 26,165 Shares of Dollar General Co. (NYSE:DG)

Lecap Asset Management Ltd. raised its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 231.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 37,462 shares of the company's stock after purchasing an additional 26,165 shares during the period. Lecap Asset Management Ltd.'s holdings in Dollar General were worth $3,168,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank & Trust Co purchased a new position in shares of Dollar General during the second quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar General in the 2nd quarter worth $33,000. Crewe Advisors LLC bought a new stake in shares of Dollar General in the first quarter worth $40,000. Studio Investment Management LLC increased its position in Dollar General by 117.7% during the second quarter. Studio Investment Management LLC now owns 283 shares of the company's stock valued at $37,000 after acquiring an additional 153 shares during the last quarter. Finally, Pathway Financial Advisers LLC bought a new position in Dollar General in the first quarter valued at about $45,000. Institutional investors own 91.77% of the company's stock.

Dollar General Price Performance

NYSE DG traded down $0.08 on Wednesday, reaching $81.04. The company had a trading volume of 3,067,269 shares, compared to its average volume of 3,140,933. The firm's 50 day moving average price is $91.94 and its 200 day moving average price is $118.45. Dollar General Co. has a 12 month low of $77.96 and a 12 month high of $168.07. The stock has a market capitalization of $17.82 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 2.42 and a beta of 0.44. The company has a quick ratio of 0.24, a current ratio of 1.22 and a debt-to-equity ratio of 0.86.

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Dollar General (NYSE:DG - Get Free Report) last issued its earnings results on Thursday, August 29th. The company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.09). Dollar General had a return on equity of 20.62% and a net margin of 3.57%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.37 billion. During the same period last year, the firm posted $2.13 earnings per share. The company's revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, equities analysts predict that Dollar General Co. will post 5.86 earnings per share for the current year.

Dollar General Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 22nd. Stockholders of record on Tuesday, October 8th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.91%. Dollar General's dividend payout ratio is currently 34.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DG. Gordon Haskett lowered shares of Dollar General from a "buy" rating to a "hold" rating and set a $90.00 price target for the company. in a research report on Friday, August 30th. Daiwa America cut shares of Dollar General from a "moderate buy" rating to a "hold" rating in a report on Wednesday, September 4th. Citigroup downgraded shares of Dollar General from a "neutral" rating to a "sell" rating and cut their price objective for the company from $91.00 to $73.00 in a research report on Friday, September 27th. The Goldman Sachs Group decreased their target price on Dollar General from $169.00 to $122.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Finally, Evercore ISI cut their price target on Dollar General from $115.00 to $105.00 and set an "in-line" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $107.84.

Insider Activity at Dollar General

In related news, Director Warren F. Bryant acquired 1,000 shares of the firm's stock in a transaction on Tuesday, September 10th. The shares were acquired at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the completion of the transaction, the director now directly owns 42,030 shares in the company, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Warren F. Bryant purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $80.83 per share, for a total transaction of $80,830.00. Following the acquisition, the director now owns 42,030 shares of the company's stock, valued at approximately $3,397,284.90. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Steven R. Deckard sold 2,010 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $86.66, for a total transaction of $174,186.60. Following the completion of the sale, the executive vice president now directly owns 2,887 shares of the company's stock, valued at approximately $250,187.42. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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.