Channing Capital Management LLC Has $8.19 Million Stock Position in Dollar General Co. (NYSE:DG)

Channing Capital Management LLC boosted its stake in shares of Dollar General Co. (NYSE:DG) by 73.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,012 shares of the company’s stock after buying an additional 45,629 shares during the period. Channing Capital Management LLC’s holdings in Dollar General were worth $8,189,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General during the third quarter valued at approximately $33,000. Providence First Trust Co acquired a new position in Dollar General in the 4th quarter worth approximately $33,000. Bogart Wealth LLC grew its position in Dollar General by 279.8% during the 4th 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. OFI Invest Asset Management acquired a new stake in Dollar General during the 4th quarter valued at $37,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 278 shares in the last quarter. 91.77% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dollar General news, Director Michael M. Calbert sold 6,000 shares of Dollar General stock in a transaction that occurred on Tuesday, December 31st. The stock was sold at an average price of $75.27, for a total value of $451,620.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Emily C. Taylor sold 4,740 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $77.44, for a total value of $367,065.60. Following the completion of the sale, the executive vice president now directly owns 15,575 shares of the company’s stock, valued at $1,206,128. This represents a 23.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Dollar General Trading Up 1.4 %

NYSE:DG opened at $82.99 on Tuesday. The company has a quick ratio of 0.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $73.48 and its 200-day moving average is $79.03. The firm has a market cap of $18.25 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 2.18 and a beta of 0.44. Dollar General Co. has a 12 month low of $66.43 and a 12 month high of $168.07.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Telsey Advisory Group lowered their price target on Dollar General from $88.00 to $85.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. Evercore ISI lowered their target price on Dollar General from $97.00 to $95.00 and set an “in-line” rating on the stock in a research note on Tuesday, December 3rd. Bernstein Bank reduced their price target on shares of Dollar General from $98.00 to $94.00 in a research report on Friday, November 15th. Barclays lowered their price objective on shares of Dollar General from $102.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group dropped their price objective on shares of Dollar General from $104.00 to $93.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd. One investment 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $95.09.

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.