Franklin Resources Inc. Has $21.22 Million Stock Holdings in Dollar General Co. (NYSE:DG)

Franklin Resources Inc. increased its position in Dollar General Co. (NYSE:DG - Free Report) by 304.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 279,833 shares of the company's stock after purchasing an additional 210,660 shares during the quarter. Franklin Resources Inc. owned approximately 0.13% of Dollar General worth $21,217,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DG. IMG Wealth Management Inc. purchased a new position in Dollar General in the fourth quarter valued at $25,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Dollar General in the third quarter valued at approximately $33,000. Providence First Trust Co purchased a new position in shares of Dollar General during the 4th quarter worth $33,000. Bogart Wealth LLC raised its stake in Dollar General by 279.8% during the fourth quarter. Bogart Wealth LLC now owns 490 shares of the company's stock worth $37,000 after purchasing an additional 361 shares during the period. Finally, OFI Invest Asset Management acquired a new stake in Dollar General during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 91.77% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Barclays lowered their target price on Dollar General from $102.00 to $100.00 and set an "overweight" rating for the company in a report on Thursday, January 9th. Piper Sandler upped their price target on shares of Dollar General from $79.00 to $81.00 and gave the company a "neutral" rating in a research report on Friday, March 14th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $80.00 target price (down previously from $90.00) on shares of Dollar General in a research note on Monday, March 3rd. Morgan Stanley cut their price objective on Dollar General from $100.00 to $80.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, Gordon Haskett cut Dollar General from a "hold" rating to a "reduce" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $94.75.

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Insider Activity

In related news, EVP Emily C. Taylor sold 809 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $94.72, for a total value of $76,628.48. Following the completion of the sale, the executive vice president now directly owns 48,532 shares in the company, valued at $4,596,951.04. This represents a 1.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.49% of the company's stock.

Dollar General Stock Up 2.3 %

Shares of Dollar General stock traded up $1.98 on Friday, reaching $89.11. 4,210,641 shares of the company were exchanged, compared to its average volume of 3,843,195. The company has a market capitalization of $19.60 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 2.18 and a beta of 0.40. The company has a current ratio of 1.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $80.35 and a 200 day moving average of $78.25. Dollar General Co. has a one year low of $66.43 and a one year high of $153.82.

Dollar General (NYSE:DG - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.51 by $0.17. The business had revenue of $10.30 billion for the quarter, compared to analyst estimates of $10.26 billion. Dollar General had a net margin of 3.33% and a return on equity of 18.85%. Dollar General's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.83 EPS. On average, equities research analysts forecast that Dollar General Co. will post 5.75 earnings per share for the current year.

Dollar General Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.36 dividend on an annualized basis and a yield of 2.65%. Dollar General's payout ratio is presently 46.18%.

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.