Channing Global Advisors LLC Buys 9,193 Shares of Dollar General Co. (NYSE:DG)

Channing Global Advisors LLC increased its stake in shares of Dollar General Co. (NYSE:DG) by 65.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,264 shares of the company’s stock after acquiring an additional 9,193 shares during the period. Dollar General comprises approximately 2.5% of Channing Global Advisors LLC’s investment 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of DG. Vanguard Group Inc. increased its stake in shares of Dollar General by 18.9% during the third quarter. Vanguard Group Inc. now owns 21,711,407 shares of the company’s stock worth $2,297,067,000 after purchasing an additional 3,457,393 shares during the period. Northern Trust Corp increased its stake in Dollar General by 2.8% during the 3rd quarter. Northern Trust Corp now owns 2,346,674 shares of the company’s stock worth $248,278,000 after acquiring an additional 62,913 shares during the period. The Manufacturers Life Insurance Company increased its stake in Dollar General by 98.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,106,653 shares of the company’s stock worth $222,884,000 after acquiring an additional 1,043,141 shares during the period. Invesco Ltd. increased its stake in shares of Dollar General by 44.2% in the 3rd quarter. Invesco Ltd. now owns 1,572,721 shares of the company’s stock valued at $166,394,000 after purchasing an additional 481,881 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Dollar General by 78.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,426,318 shares of the company’s stock valued at $150,904,000 after purchasing an additional 627,844 shares during the last quarter. Institutional investors own 91.77% of the company’s stock.

Insider Transactions at Dollar General

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

Dollar General Stock Performance

Shares of NYSE:DG traded down $0.41 during midday trading on Friday, reaching $142.24. The company’s stock had a trading volume of 350,121 shares, compared to its average volume of 2,301,790. The firm has a market capitalization of $31.25 billion, a PE ratio of 18.86, a P/E/G ratio of 2.56 and a beta of 0.42. Dollar General Co. has a twelve month low of $101.09 and a twelve month high of $222.99. The stock has a fifty day moving average of $150.36 and a 200 day moving average of $135.18. The company has a quick ratio of 0.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.92.

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

Dollar General Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Truist Financial boosted their price objective on Dollar General from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, March 15th. JPMorgan Chase & Co. boosted their price objective on Dollar General from $158.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, April 15th. Barclays raised Dollar General from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $124.00 to $154.00 in a report on Thursday, January 4th. BMO Capital Markets lifted their target price on Dollar General from $130.00 to $160.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. Finally, The Goldman Sachs Group boosted their price objective on Dollar General from $147.00 to $169.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $153.08.

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.