Matterhorn Capital Management Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Matterhorn Capital Management reduced its stake in Dollar General Corp. by 32.62% during the most recent quarter end. The investment management company now holds a total of 16,101 shares of Dollar General Corp. which is valued at $1,509,791 after selling 7,794 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Dollar General Corp. makes up approximately 0.94% of Matterhorn Capital Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in DG in the latest quarter, The investment management firm added 14,600 additional shares and now holds a total of 83,361 shares of Dollar General Corp. which is valued at $7,816,761. Dollar General Corp. makes up approx 0.17% of Oregon Public Employees Retirement Fund’s portfolio.Uss Investment Management Ltd reduced its stake in DG by selling 630,900 shares or 25.8% in the most recent quarter. The Hedge Fund company now holds 1,814,867 shares of DG which is valued at $170,180,079. Dollar General Corp. makes up approx 2.81% of Uss Investment Management Ltd’s portfolio.Atalanta Sosnoff Capital reduced its stake in DG by selling 200,747 shares or 29.47% in the most recent quarter. The Hedge Fund company now holds 480,365 shares of DG which is valued at $45,668,301. Dollar General Corp. makes up approx 1.48% of Atalanta Sosnoff Capital’s portfolio. Rothschild Investment Corp Il added DG to its portfolio by purchasing 7,399 company shares during the most recent quarter which is valued at $704,015. Dollar General Corp. makes up approx 0.09% of Rothschild Investment Corp Il’s portfolio.First American Bank boosted its stake in DG in the latest quarter, The investment management firm added 14,748 additional shares and now holds a total of 35,764 shares of Dollar General Corp. which is valued at $3,402,945. Dollar General Corp. makes up approx 0.33% of First American Bank’s portfolio.

Dollar General Corp. closed down -1.38 points or -1.46% at $92.99 with 13,11,066 shares getting traded on Monday. Post opening the session at $94.32, the shares hit an intraday low of $92.78 and an intraday high of $94.32 and the price fluctuated in this range throughout the day.Shares ended Monday 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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