Charles Schwab Investment Management Inc. Grows Position in Dollar General Co. (NYSE:DG)

Charles Schwab Investment Management Inc. increased its position in Dollar General Co. (NYSE:DG) by 11.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,592,749 shares of the company’s stock after purchasing an additional 157,789 shares during the period. Charles Schwab Investment Management Inc. owned 0.72% of Dollar General worth $120,762,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Dollar General during the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new position in shares of Dollar General in the fourth quarter worth $33,000. Bogart Wealth LLC lifted its holdings in shares of Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company’s stock valued at $37,000 after purchasing an additional 361 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Dollar General by 126.4% during 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, Newbridge Financial Services Group Inc. bought a new stake in Dollar General in the 4th quarter worth about $39,000. Institutional investors own 91.77% of the company’s stock.

Dollar General Trading Up 7.4 %

DG opened at $81.87 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.15 and a current ratio of 1.15. The stock’s 50 day moving average price is $73.33 and its 200-day moving average price is $79.63. Dollar General Co. has a one year low of $66.43 and a one year high of $168.07. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 2.18 and a beta of 0.44.

Dollar General (NYSE:DG) last announced its quarterly earnings data on Thursday, December 5th. The company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $10.14 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that Dollar General Co. will post 5.75 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the director now owns 120,322 shares in the company, valued at $9,056,636.94. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Emily C. Taylor sold 4,740 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total transaction of $367,065.60. Following the transaction, the executive vice president now owns 15,575 shares in the company, valued at $1,206,128. The trade was a 23.33 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Bank of America raised shares of Dollar General from an “underperform” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Friday, December 6th. Barclays decreased their target price on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating for the company in a research note on Thursday, January 9th. Truist Financial dropped their price target on Dollar General from $94.00 to $83.00 and set a “hold” rating on the stock in a research note on Friday, December 6th. The Goldman Sachs Group reduced their price objective on Dollar General from $104.00 to $93.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. Finally, Telsey Advisory Group dropped their target price on Dollar General from $88.00 to $85.00 and set a “market perform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $95.09.

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.