Fiduciary Management Inc Wi Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Fiduciary Management Inc Wi reduced its stake in Dollar General Corp. by 2.43% during the most recent quarter end. The investment management company now holds a total of 8,432,341 shares of Dollar General Corp. which is valued at $687.6 Million after selling 209,734 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on May 12, 2016.Dollar General Corp. makes up approximately 4.07% of Fiduciary Management Inc Wi’s portfolio.

Other Hedge Funds, Including , First Allied Advisory Services reduced its stake in DG by selling 671 shares or 16.72% in the most recent quarter. The Hedge Fund company now holds 3,343 shares of DG which is valued at $272,588. Dollar General Corp. makes up approx 0.02% of First Allied Advisory Services’s portfolio.Tobam boosted its stake in DG in the latest quarter, The investment management firm added 22,691 additional shares and now holds a total of 223,925 shares of Dollar General Corp. which is valued at $18.3 Million. Dollar General Corp. makes up approx 0.72% of Tobam’s portfolio.Nikko Asset Management Americas reduced its stake in DG by selling 31,700 shares or 91.35% in the most recent quarter. The Hedge Fund company now holds 3,000 shares of DG which is valued at $244,620. Dollar General Corp. makes up approx 0.03% of Nikko Asset Management Americas’s portfolio. Polaris Greystone Financial Group added DG to its portfolio by purchasing 171,135 company shares during the most recent quarter which is valued at $14 Million. Dollar General Corp. makes up approx 2.21% of Polaris Greystone Financial Group’s portfolio.

Dollar General Corp. closed down -0.38 points or -0.46% at $81.62 with 21,37,537 shares getting traded on Friday. Post opening the session at $82.22, the shares hit an intraday low of $81.04 and an intraday high of $82.24 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.. Dollar General Corp. was Upgraded by BofA/Merrill to ” Buy” on May 4, 2016. 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 .

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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