Channing Global Advisors LLC Grows Stock Holdings in Dollar General Co. (NYSE:DG)

Channing Global Advisors LLC grew its position in shares of Dollar General Co. (NYSE:DG) by 80.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 42,430 shares of the company’s stock after acquiring an additional 18,873 shares during the quarter. Dollar General makes up about 3.0% of Channing Global Advisors LLC’s holdings, making the stock its 11th biggest holding. Channing Global Advisors LLC’s holdings in Dollar General were worth $3,588,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DG. Bank & Trust Co bought a new stake in Dollar General in the 2nd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Dollar General during the second quarter worth approximately $33,000. Studio Investment Management LLC lifted its holdings in shares of Dollar General by 117.7% in the 2nd quarter. Studio Investment Management LLC now owns 283 shares of the company’s stock worth $37,000 after acquiring an additional 153 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of Dollar General in the 2nd quarter valued at $37,000. Finally, TruNorth Capital Management LLC bought a new position in shares of Dollar General during the 2nd quarter valued at $39,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Steven R. Deckard sold 2,010 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now directly owns 2,887 shares in the company, valued at $250,187.42. This trade represents a 41.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roderick J. West sold 2,510 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $83.25, for a total transaction of $208,957.50. Following the completion of the transaction, the executive vice president now owns 9,163 shares in the company, valued at approximately $762,819.75. The trade was a 21.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Dollar General Stock Performance

Shares of Dollar General stock opened at $76.26 on Friday. Dollar General Co. has a 12 month low of $72.12 and a 12 month high of $168.07. The firm has a market capitalization of $16.77 billion, a P/E ratio of 11.84, a P/E/G ratio of 2.23 and a beta of 0.45. The company has a current ratio of 1.22, a quick ratio of 0.24 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $80.33 and a two-hundred day simple moving average of $106.44.

Dollar General (NYSE:DG) last posted its quarterly earnings data on Thursday, August 29th. The company reported $1.70 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 business had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $10.37 billion. During the same period in the previous year, the firm earned $2.13 EPS. The company’s revenue was up 4.2% on a year-over-year basis. On average, equities analysts forecast that Dollar General Co. will post 5.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on DG shares. Bernstein Bank cut their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Truist Financial dropped their target price on Dollar General from $135.00 to $130.00 and set a “hold” rating for the company in a report on Monday, August 26th. HSBC reduced their price target on Dollar General from $100.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. BMO Capital Markets dropped their price objective on Dollar General from $90.00 to $80.00 and set a “market perform” rating for the company in a research note on Monday, November 18th. Finally, Citigroup downgraded shares of Dollar General from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $91.00 to $73.00 in a research note on Friday, September 27th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.00.

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.