Timucuan Asset Management Incfl Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Timucuan Asset Management Incfl reduced its stake in Dollar General Corp. by 2.76% during the most recent quarter end. The investment management company now holds a total of 878,622 shares of Dollar General Corp. which is valued at $81,632,770 after selling 24,930 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Dollar General Corp. makes up approximately 6.91% of Timucuan Asset Management Incfl’s portfolio.

Other Hedge Funds, Including , Bogle Investment Management L P De added DG to its portfolio by purchasing 125,896 company shares during the most recent quarter which is valued at $11,696,997. Dollar General Corp. makes up approx 0.73% of Bogle Investment Management L P De’s portfolio.Public Sector Pension Investment Board boosted its stake in DG in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 53,840 shares of Dollar General Corp. which is valued at $5,002,274. Dollar General Corp. makes up approx 0.06% of Public Sector Pension Investment Board’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.Diam Ltd. reduced its stake in DG by selling 1,400 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 27,808 shares of DG which is valued at $2,607,556. Dollar General Corp. makes up approx 0.04% of Diam Ltd.’s portfolio. Parsec Financial Management added DG to its portfolio by purchasing 25,580 company shares during the most recent quarter which is valued at $2,423,449. Dollar General Corp. makes up approx 0.22% of Parsec Financial Management’s portfolio.

Dollar General Corp. opened for trading at $75.78 and hit $77.79 on the upside on Monday, eventually ending the session at $77.49, with a gain of 2.64% or 1.99 points. The heightened volatility saw the trading volume jump to 80,34,081 shares. Company has a market cap of $21,832 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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