Carbonado Capital Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Carbonado Capital reduced its stake in Dollar General Corp. by 36.84% during the most recent quarter end. The investment management company now holds a total of 300,000 shares of Dollar General Corp. which is valued at $27,873,000 after selling 175,000 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Dollar General Corp. makes up approximately 6.83% of Carbonado Capital’s portfolio.

Other Hedge Funds, Including , Voloridge Investment Management boosted its stake in DG in the latest quarter, The investment management firm added 135,075 additional shares and now holds a total of 359,400 shares of Dollar General Corp. which is valued at $33,391,854. Dollar General Corp. makes up approx 0.92% of Voloridge Investment Management’s portfolio.Intrepid Capital Management Inc reduced its stake in DG by selling 2,400 shares or 27.27% in the most recent quarter. The Hedge Fund company now holds 6,400 shares of DG which is valued at $594,624. Dollar General Corp. makes up approx 0.26% of Intrepid Capital Management Inc’s portfolio.Majedie Asset Management Ltd reduced its stake in DG by selling 36 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 105,880 shares of DG which is valued at $9,837,311. Dollar General Corp. makes up approx 1.55% of Majedie Asset Management Ltd’s portfolio.Wfg Advisors Lp boosted its stake in DG in the latest quarter, The investment management firm added 503 additional shares and now holds a total of 4,073 shares of Dollar General Corp. which is valued at $378,422. Dollar General Corp. makes up approx 0.10% of Wfg Advisors Lp’s portfolio.Assetmark Inc reduced its stake in DG by selling 50 shares or 8.32% in the most recent quarter. The Hedge Fund company now holds 551 shares of DG which is valued at $51,089.

Dollar General Corp. opened for trading at $73.89 and hit $74.385 on the upside on Thursday, eventually ending the session at $73.78, with a gain of 0.50% or 0.37 points. The heightened volatility saw the trading volume jump to 56,07,961 shares. Company has a market cap of $20,787 M.

On the company’s financial health, Dollar General Corp. reported $1.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $1.09. The company had revenue of $5390.00 million for the quarter, compared to analysts expectations of $5497.92 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Investors should note that on Aug 25, 2016, Dollar General Corp. announced a cash dividend of $0.2500. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Sep 28, 2016.

Many Wall Street Analysts have commented on Dollar General Corp.. Dollar General Corp. was Downgraded by Goldman to ” Neutral” on Sep 6, 2016. Shares were Downgraded by Telsey Advisory Group on Aug 26, 2016 to ” Market Perform” and Lowered the Price Target to $ 84 from a previous price target of $102 .Shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Outperform” and Lowered the Price Target to $ 90 from a previous price target of $103 .

Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise including consumables seasonal home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations toys batteries small electronics greeting cards stationery prepaid phones and accessories gardening supplies hardware automotive and home office supplies. Home products includes kitchen supplies cookware small appliances light bulbs storage containers frames candles craft supplies and kitchen bed and bath soft goods. Apparel includes casual everyday apparel for infants toddlers girls boys women and men as well as socks underwear disposable diapers shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11879 stores located in over 43 states.

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