Charles Schwab Investment Management Inc. Boosts Stock Holdings in Dollar General Co. (NYSE:DG)

Charles Schwab Investment Management Inc. grew its position in Dollar General Co. (NYSE:DG) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,592,749 shares of the company’s stock after acquiring an additional 157,789 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Dollar General were worth $120,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DG. Pzena Investment Management LLC boosted its holdings in shares of Dollar General by 453.4% during the 3rd quarter. Pzena Investment Management LLC now owns 10,238,886 shares of the company’s stock worth $865,903,000 after purchasing an additional 8,388,735 shares during the last quarter. State Street Corp boosted its stake in Dollar General by 8.3% during the third quarter. State Street Corp now owns 9,958,704 shares of the company’s stock worth $842,208,000 after buying an additional 759,869 shares during the last quarter. Geode Capital Management LLC grew its holdings in Dollar General by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 5,243,012 shares of the company’s stock valued at $441,899,000 after buying an additional 182,300 shares in the last quarter. ACR Alpine Capital Research LLC increased its stake in shares of Dollar General by 8,426.1% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,041,471 shares of the company’s stock worth $306,424,000 after acquiring an additional 3,994,070 shares during the last quarter. Finally, Baupost Group LLC MA purchased a new position in shares of Dollar General during the 3rd quarter worth $194,832,000. Hedge funds and other institutional investors own 91.77% of the company’s stock.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 4,740 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $77.44, for a total value of $367,065.60. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction on Tuesday, December 31st. The shares were 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 $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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DG. Bernstein Bank dropped their price target on shares of Dollar General from $98.00 to $94.00 in a research note on Friday, November 15th. The Goldman Sachs Group cut their target price on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. Truist Financial lowered their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating for the company in a report on Friday, December 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $80.00 price objective (down from $90.00) on shares of Dollar General in a report on Monday, March 3rd. Finally, Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 target price on the stock in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $95.09.

Dollar General Stock Performance

Shares of NYSE DG opened at $81.87 on Friday. The stock has a market capitalization of $18.01 billion, a P/E ratio of 13.49, a P/E/G ratio of 2.18 and a beta of 0.44. The firm’s 50-day moving average price is $73.33 and its two-hundred day moving average price is $79.63. Dollar General Co. has a 52-week low of $66.43 and a 52-week high of $168.07. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78.

Dollar General (NYSE:DG) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share 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 firm had revenue of $10.18 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business earned $1.26 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

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.