Charles Schwab Investment Management Inc. Acquires 95,081 Shares of Dollar General Co. (NYSE:DG)

Charles Schwab Investment Management Inc. increased its holdings in shares of Dollar General Co. (NYSE:DG - Free Report) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,295,926 shares of the company's stock after buying an additional 95,081 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.59% of Dollar General worth $176,181,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DG. McGlone Suttner Wealth Management Inc. bought a new position in shares of Dollar General in the 4th quarter valued at about $25,000. Studio Investment Management LLC bought a new stake in shares of Dollar General during the third quarter worth approximately $26,000. MV Capital Management Inc. boosted its holdings in shares of Dollar General by 78.0% during the fourth quarter. MV Capital Management Inc. now owns 219 shares of the company's stock worth $30,000 after acquiring an additional 96 shares during the period. Covestor Ltd boosted its holdings in shares of Dollar General by 48.3% during the third quarter. Covestor Ltd now owns 304 shares of the company's stock worth $33,000 after acquiring an additional 99 shares during the period. Finally, Lowe Wealth Advisors LLC bought a new stake in shares of Dollar General during the fourth quarter worth approximately $33,000. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Activity

In other news, EVP Carman R. Wenkoff sold 5,909 shares of the firm's stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total transaction of $958,617.07. Following the sale, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Carman R. Wenkoff sold 5,909 shares of Dollar General stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $162.23, for a total value of $958,617.07. Following the transaction, the executive vice president now owns 28,579 shares in the company, valued at approximately $4,636,371.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ralph Santana sold 3,009 shares of Dollar General stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $155.72, for a total transaction of $468,561.48. Following the completion of the transaction, the director now owns 3,248 shares in the company, valued at approximately $505,778.56. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

Dollar General Price Performance

NYSE:DG traded up $0.10 during trading hours on Friday, hitting $140.96. The stock had a trading volume of 1,339,156 shares, compared to its average volume of 2,287,906. The company has a 50 day simple moving average of $149.73 and a two-hundred day simple moving average of $137.18. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.19 and a quick ratio of 0.15. Dollar General Co. has a one year low of $101.09 and a one year high of $219.47. The firm has a market capitalization of $30.96 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.46 and a beta of 0.44.

Dollar General (NYSE:DG - Get Free Report) last announced 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. Dollar General had a net margin of 4.29% and a return on equity of 26.13%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $9.77 billion. During the same period last year, the firm earned $2.96 EPS. The business's quarterly revenue was down 3.4% compared to the same quarter last year. Research analysts forecast that Dollar General Co. will post 7.28 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Monday, April 8th. Dollar General's dividend payout ratio (DPR) is currently 31.22%.

Analyst Ratings Changes

A number of research firms have recently weighed in on DG. Wells Fargo & Company lifted their price target on shares of Dollar General from $125.00 to $155.00 and gave the company an "equal weight" rating in a research report on Friday, March 15th. The Goldman Sachs Group boosted their price objective on shares of Dollar General from $147.00 to $169.00 and gave the company a "buy" rating in a research report on Friday, March 15th. Piper Sandler restated a "neutral" rating and set a $147.00 price objective (up from $127.00) on shares of Dollar General in a research report on Friday, March 15th. Truist Financial upped their price target on shares of Dollar General from $125.00 to $140.00 and gave the stock a "hold" rating in a report on Friday, March 15th. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $170.00 price target on shares of Dollar General in a report on Tuesday, April 2nd. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $153.08.

About Dollar General

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.