Coho Partners Ltd. buys $104.2 Million stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Coho Partners Ltd. scooped up 51,558 additional shares in Dollar General Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 1,277,984 shares of Dollar General Corp. which is valued at $104.2 Million.Dollar General Corp. makes up approximately 4.33% of Coho Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Kernodle Katon Asset Management Group added DG to its portfolio by purchasing 55 company shares during the most recent quarter which is valued at $4,485. Institutional Capital sold out all of its stake in DG during the most recent quarter. The investment firm sold 777,852 shares of DG which is valued $63.4 Million.Swiss National Bank boosted its stake in DG in the latest quarter, The investment management firm added 224,500 additional shares and now holds a total of 960,625 shares of Dollar General Corp. which is valued at $80 Million. Dollar General Corp. makes up approx 0.14% of Swiss National Bank’s portfolio.Bluecrest Capital Management Ltd boosted its stake in DG in the latest quarter, The investment management firm added 4,434 additional shares and now holds a total of 8,164 shares of Dollar General Corp. which is valued at $679,816. Dollar General Corp. makes up approx 0.06% of Bluecrest Capital Management Ltd’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in DG in the latest quarter, The investment management firm added 17,675 additional shares and now holds a total of 495,671 shares of Dollar General Corp. which is valued at $40.6 Million. Dollar General Corp. makes up approx 0.13% of Mizuho Trust Banking Ltd.’s portfolio.

Dollar General Corp. opened for trading at $81.87 and hit $83.41 on the upside on Monday, eventually ending the session at $82.88, with a gain of 1.64% or 1.34 points. The heightened volatility saw the trading volume jump to 22,96,049 shares. Company has a market cap of $23,743 M.

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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