Dollar General Corp. (DG) : Gareth Morgan Investments Limited Partnership added new position in Dollar General Corp. during the most recent quarter end. The investment management firm now holds 153,433 shares of Dollar General Corp. which is valued at $14,255,460 , the company said in a statement filed on Aug 11, 2016 with the SEC.Dollar General Corp. makes up approximately 1.33% of Gareth Morgan Investments Limited Partnership’s portfolio.
Other Hedge Funds, Including , Picton Mahoney Asset Management reduced its stake in DG by selling 1,335 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 180,125 shares of DG which is valued at $16,735,414. Dollar General Corp. makes up approx 1.12% of Picton Mahoney Asset Management’s portfolio.Spot Trading L.l.c reduced its stake in DG by selling 14,550 shares or 60.91% in the most recent quarter. The Hedge Fund company now holds 9,336 shares of DG which is valued at $875,437. Dollar General Corp. makes up approx 0.12% of Spot Trading L.l.c’s portfolio. Genesee Valley Trust Co added DG to its portfolio by purchasing 2,262 company shares during the most recent quarter which is valued at $215,048. Dollar General Corp. makes up approx 0.14% of Genesee Valley Trust Co’s portfolio.Atalanta Sosnoff Capital reduced its stake in DG by selling 200,747 shares or 29.47% in the most recent quarter. The Hedge Fund company now holds 480,365 shares of DG which is valued at $45,668,301. Dollar General Corp. makes up approx 1.48% of Atalanta Sosnoff Capital’s portfolio. Oakbrook Investments sold out all of its stake in DG during the most recent quarter. The investment firm sold 31,900 shares of DG which is valued $3,035,285.
Dollar General Corp. opened for trading at $91.13 and hit $91.68 on the upside on Tuesday, eventually ending the session at $91.49, with a gain of 0.76% or 0.69 points. The heightened volatility saw the trading volume jump to 20,38,218 shares. Company has a market cap of $25,963 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.
Many Wall Street Analysts have commented on Dollar General Corp.. 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 Corp. was Downgraded by Credit Suisse to ” Neutral” on Aug 25, 2016.
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.