Highbridge Capital Management Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Highbridge Capital Management reduced its stake in Dollar General Corp. by 30.55% during the most recent quarter end. The investment management company now holds a total of 510,875 shares of Dollar General Corp. which is valued at $47,465,396 after selling 224,713 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 1.28% of Highbridge Capital Management’s portfolio.

Other Hedge Funds, Including , Hutchin Hill Capital Lp added DG to its portfolio by purchasing 2,600 company shares during the most recent quarter which is valued at $241,566. Dollar General Corp. makes up approx 0.02% of Hutchin Hill Capital Lp’s portfolio.Kernodle Katon Asset Management Group boosted its stake in DG in the latest quarter, The investment management firm added 582 additional shares and now holds a total of 637 shares of Dollar General Corp. which is valued at $59,184. Dollar General Corp. makes up approx 0.05% of Kernodle Katon Asset Management Group’s portfolio. 12th Street Asset Management Company added DG to its portfolio by purchasing 156,916 company shares during the most recent quarter which is valued at $14,579,066. Dollar General Corp. makes up approx 5.55% of 12th Street Asset Management Company’s portfolio.Vanguard Group Inc reduced its stake in DG by selling 3,517,651 shares or 17.68% in the most recent quarter. The Hedge Fund company now holds 16,373,914 shares of DG which is valued at $1,521,300,350. Dollar General Corp. makes up approx 0.09% of Vanguard Group Inc’s portfolio.Uss Investment Management Ltd reduced its stake in DG by selling 630,900 shares or 25.8% in the most recent quarter. The Hedge Fund company now holds 1,814,867 shares of DG which is valued at $170,180,079. Dollar General Corp. makes up approx 2.81% of Uss Investment Management Ltd’s portfolio.

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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