Md Sass Investors Services Inc Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Md Sass Investors Services Inc reduced its stake in Dollar General Corp. by 16.2% during the most recent quarter end. The investment management company now holds a total of 624,168 shares of Dollar General Corp. which is valued at $57,991,449 after selling 120,697 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Dollar General Corp. makes up approximately 2.96% of Md Sass Investors Services Inc’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in DG in the latest quarter, The investment management firm added 19,189 additional shares and now holds a total of 208,834 shares of Dollar General Corp. which is valued at $19,402,767. Dollar General Corp. makes up approx 0.17% of National Pension Service’s portfolio.Blackrock Group Ltd boosted its stake in DG in the latest quarter, The investment management firm added 8,968 additional shares and now holds a total of 2,258,030 shares of Dollar General Corp. which is valued at $209,793,567. Dollar General Corp. makes up approx 0.11% of Blackrock Group Ltd’s portfolio.Jaffetilchin Investment Partners boosted its stake in DG in the latest quarter, The investment management firm added 384 additional shares and now holds a total of 8,935 shares of Dollar General Corp. which is valued at $843,196. Dollar General Corp. makes up approx 0.25% of Jaffetilchin Investment Partners’s portfolio.Brown Capital Management reduced its stake in DG by selling 25,741 shares or 75.64% in the most recent quarter. The Hedge Fund company now holds 8,292 shares of DG which is valued at $782,516. Dollar General Corp. makes up approx 0.01% of Brown Capital Management’s portfolio. Coyle Financial Counsel added DG to its portfolio by purchasing 15,793 company shares during the most recent quarter which is valued at $1,501,441. Dollar General Corp. makes up approx 2.09% of Coyle Financial Counsel’s portfolio.

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 Johnson Rice to ” Accumulate” on Aug 26, 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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