Dollar General Co. (NYSE:DG) Shares Purchased by Channing Capital Management LLC

Channing Capital Management LLC lifted its stake in shares of Dollar General Co. (NYSE:DG) by 73.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 108,012 shares of the company’s stock after buying an additional 45,629 shares during the quarter. Channing Capital Management LLC’s holdings in Dollar General were worth $8,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in DG. Wilmington Savings Fund Society FSB acquired a new position in Dollar General during the 3rd quarter worth $33,000. Providence First Trust Co bought a new position in shares of Dollar General during the fourth quarter worth about $33,000. Bogart Wealth LLC grew its stake in Dollar General by 279.8% in the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Venturi Wealth Management LLC increased 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 valued at $38,000 after buying an additional 278 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Dollar General during the fourth quarter valued at approximately $37,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Stock Up 1.4 %

DG stock opened at $82.99 on Tuesday. The firm’s 50-day moving average is $73.48 and its two-hundred day moving average is $79.03. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 52 week low of $66.43 and a 52 week 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.

Analysts Set New Price Targets

DG has been the topic of a number of research analyst reports. UBS Group reduced their target price on Dollar General from $108.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Morgan Stanley decreased their price objective on shares of Dollar General from $100.00 to $80.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Jefferies Financial Group dropped their target price on shares of Dollar General from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Truist Financial reduced their price target on shares of Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research report on Friday, December 6th. Finally, Gordon Haskett downgraded shares of Dollar General from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $95.09.

Insider Activity at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of Dollar General stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. The trade was a 23.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael M. Calbert sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $75.27, for a total transaction of $451,620.00. Following the completion of the sale, the director now directly owns 120,322 shares of the company’s stock, valued at $9,056,636.94. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.