Dollar General Co. (NYSE:DG) Position Increased by Channing Global Advisors LLC

Channing Global Advisors LLC raised its holdings in shares of Dollar General Co. (NYSE:DG) by 65.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,264 shares of the company’s stock after purchasing an additional 9,193 shares during the period. Dollar General comprises about 2.5% of Channing Global Advisors LLC’s portfolio, making the stock its 12th largest holding. Channing Global Advisors LLC’s holdings in Dollar General were worth $3,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Dollar General during the fourth quarter valued at $25,000. Studio Investment Management LLC acquired a new stake in Dollar General in the third quarter worth about $26,000. MV Capital Management Inc. lifted its holdings in Dollar General by 78.0% in the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company’s stock worth $30,000 after purchasing an additional 96 shares during the period. Covestor Ltd lifted its holdings in Dollar General by 48.3% in the third quarter. Covestor Ltd now owns 304 shares of the company’s stock worth $33,000 after purchasing an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC acquired a new stake in Dollar General in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Insider Activity

In related news, EVP Carman R. Wenkoff sold 5,909 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares of the company’s stock, valued at approximately $4,636,371.17. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Dollar General news, Director Ralph Santana sold 3,009 shares of the firm’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $155.72, for a total value of $468,561.48. Following the sale, the director now owns 3,248 shares of the company’s stock, valued at approximately $505,778.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Carman R. Wenkoff sold 5,909 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $162.23, for a total transaction of $958,617.07. Following the completion of the sale, the executive vice president now directly owns 28,579 shares in the company, valued at approximately $4,636,371.17. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of DG stock traded down $0.41 during trading hours on Friday, hitting $142.24. 350,121 shares of the company were exchanged, compared to its average volume of 2,301,790. Dollar General Co. has a 52-week low of $101.09 and a 52-week high of $222.99. The stock has a market capitalization of $31.25 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.56 and a beta of 0.42. The company has a current ratio of 1.19, a quick ratio of 0.15 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $150.36 and a 200 day simple moving average of $135.18.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, March 14th. The company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.09. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The business had revenue of $9.86 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the previous year, the business earned $2.96 EPS. Dollar General’s revenue was down 3.4% compared to the same quarter last year. Research analysts predict that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, April 8th. Dollar General’s dividend payout ratio (DPR) is currently 31.22%.

Wall Street Analysts Forecast Growth

DG has been the subject of a number of research analyst reports. Truist Financial upped their price target on shares of Dollar General from $125.00 to $140.00 and gave the company a “hold” rating in a report on Friday, March 15th. Wells Fargo & Company upped their target price on Dollar General from $125.00 to $155.00 and gave the company an “equal weight” rating in a report on Friday, March 15th. BMO Capital Markets boosted their price target on Dollar General from $130.00 to $160.00 and gave the company a “market perform” rating in a research note on Friday, March 15th. Oppenheimer reaffirmed a “market perform” rating on shares of Dollar General in a research report on Wednesday, March 6th. Finally, Argus increased their price objective on Dollar General from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Dollar General has a consensus rating of “Hold” and a consensus price target of $153.08.

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.