Pensionfund Sabic Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Pensionfund Sabic reduced its stake in Dollar General Corp. by 5.45% during the most recent quarter end. The investment management company now holds a total of 20,800 shares of Dollar General Corp. which is valued at $1.7 Million after selling 1,200 shares in Dollar General Corp. according to a report filed by the company on Apr 4, 2016 with the SEC.Dollar General Corp. makes up approximately 0.52% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Beacon Financial Group sold out all of its stake in DG during the most recent quarter. The investment firm sold 3,625 shares of DG which is valued $316,499.

On the company’s financial health, Dollar General Corp. reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Mar 10, 2016. Analyst had a consensus of $1.26. The company had revenue of $5286.90 million for the quarter, compared to analysts expectations of $5283.64 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 EPS.

Many Wall Street Analysts have commented on Dollar General Corp.. Company shares were Reiterated by Stifel on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $90 .Company shares were Reiterated by Jefferies on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $96 .Company shares were Reiterated by MKM Partners on Mar 28, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $90 .

Dollar General Corp. closed down -0.04 points or -0.05% at $82.27 with 25,39,172 shares getting traded on Monday. Post opening the session at $82.44, the shares hit an intraday low of $82.23 and an intraday high of $83.67 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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