Gruss Capital Management Lp adds Dollar General Corp. (DG) to its portfolio

Dollar General Corp. (DG) : Gruss Capital Management Lp added new position in Dollar General Corp. during the most recent quarter end. The investment management firm now holds 500,000 shares of Dollar General Corp. which is valued at $38,330,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Dollar General Corp. makes up approximately 4.12% of Gruss Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Brown Brothers Harriman Co added DG to its portfolio by purchasing 6,690 company shares during the most recent quarter which is valued at $512,855. Epoch Investment Partners added DG to its portfolio by purchasing 12,150 company shares during the most recent quarter which is valued at $903,717.Apg Asset Management N.v. boosted its stake in DG in the latest quarter, The investment management firm added 286,200 additional shares and now holds a total of 748,490 shares of Dollar General Corp. which is valued at $51,683,235. Dollar General Corp. makes up approx 0.09% of Apg Asset Management N.v.’s portfolio.Nippon Life Insurance Co reduced its stake in DG by selling 38 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 15,883 shares of DG which is valued at $1,096,721. Dollar General Corp. makes up approx 0.02% of Nippon Life Insurance Co’s portfolio.Harbour Capital Advisors reduced its stake in DG by selling 75 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 11,210 shares of DG which is valued at $766,091. Dollar General Corp. makes up approx 0.42% of Harbour Capital Advisors’s portfolio.

Dollar General Corp. closed down -0.04 points or -0.05% at $76.87 with 30,02,736 shares getting traded on Monday. Post opening the session at $76.79, the shares hit an intraday low of $76.18 and an intraday high of $77.11 and the price fluctuated in this range throughout the day.Shares ended Monday 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 Upgraded by CLSA to ” Outperform” on Oct 26, 2016. 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.

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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