Dollar General Corp. (DG) : Cornerstone Investment Partners reduced its stake in Dollar General Corp. by 96.65% during the most recent quarter end. The investment management company now holds a total of 25,579 shares of Dollar General Corp. which is valued at $1,773,904 after selling 737,163 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Dollar General Corp. makes up approximately 0.08% of Cornerstone Investment Partners’s portfolio.
Other Hedge Funds, Including , Highland Capital Management reduced its stake in DG by selling 26,099 shares or 73.17% in the most recent quarter. The Hedge Fund company now holds 9,569 shares of DG which is valued at $663,610. Dollar General Corp. makes up approx 0.06% of Highland Capital Management’s portfolio. Algert Global sold out all of its stake in DG during the most recent quarter. The investment firm sold 14,109 shares of DG which is valued $969,288.Genesee Valley Trust Co boosted its stake in DG in the latest quarter, The investment management firm added 4,394 additional shares and now holds a total of 6,656 shares of Dollar General Corp. which is valued at $457,267. Dollar General Corp. makes up approx 0.30% of Genesee Valley Trust Co’s portfolio.Advisory Services Network boosted its stake in DG in the latest quarter, The investment management firm added 1,260 additional shares and now holds a total of 9,613 shares of Dollar General Corp. which is valued at $669,642. Dollar General Corp. makes up approx 0.13% of Advisory Services Network’s portfolio.First Mercantile Trust Co boosted its stake in DG in the latest quarter, The investment management firm added 9,022 additional shares and now holds a total of 17,158 shares of Dollar General Corp. which is valued at $1,195,226. Dollar General Corp. makes up approx 0.16% of First Mercantile Trust Co’s portfolio.
Dollar General Corp. closed down -0.71 points or -1.02% at $68.7 with 31,61,559 shares getting traded on Tuesday. Post opening the session at $69.43, the shares hit an intraday low of $68.21 and an intraday high of $69.45 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.
Many Wall Street Analysts have commented on Dollar General Corp.. Dollar General Corp. was Initiated by KeyBanc Capital Mkts to “Sector Weight” on Oct 13, 2016. 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 .
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.