Ngam Advisors buys $19,850,359 stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Ngam Advisors scooped up 117,387 additional shares in Dollar General Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 211,692 shares of Dollar General Corp. which is valued at $19,850,359.Dollar General Corp. makes up approximately 0.27% of Ngam Advisors’s portfolio.

Other Hedge Funds, Including , Alps Advisors Inc reduced its stake in DG by selling 344 shares or 6.86% in the most recent quarter. The Hedge Fund company now holds 4,674 shares of DG which is valued at $444,357. Oakbrook Investments sold out all of its stake in DG during the most recent quarter. The investment firm sold 31,900 shares of DG which is valued $3,035,285.Advocacy Wealth Management Services reduced its stake in DG by selling 14 shares or 7.45% in the most recent quarter. The Hedge Fund company now holds 174 shares of DG which is valued at $16,151. Dollar General Corp. makes up approx 0.01% of Advocacy Wealth Management Services’s portfolio.Benjamin F. Edwards Company boosted its stake in DG in the latest quarter, The investment management firm added 192 additional shares and now holds a total of 292 shares of Dollar General Corp. which is valued at $26,990. Dollar General Corp. makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.

Dollar General Corp. closed down -0.65 points or -0.69% at $93.12 with 14,10,100 shares getting traded on Thursday. Post opening the session at $93.85, the shares hit an intraday low of $92.9 and an intraday high of $94.23 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Dollar General Corp. reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 26, 2016. Analyst had a consensus of $0.95. The company had revenue of $5265.40 million for the quarter, compared to analysts expectations of $5281.06 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 $0.84 EPS.

Many Wall Street Analysts have commented on Dollar General Corp.. Company shares were Downgraded by Deutsche Bank on Aug 1, 2016 to ” Hold”, Firm has raised the Price Target to $ 99 from a previous price target of $95 .Company shares were Reiterated by MKM Partners on May 27, 2016 to “Buy”, Firm has raised the Price Target to $ 97 from a previous price target of $91 .Company shares were Reiterated by Telsey Advisory Group on May 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $89 .

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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