Chesapeake Asset Management Lowers stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Chesapeake Asset Management reduced its stake in Dollar General Corp. by 72.1% during the most recent quarter end. The investment management company now holds a total of 14,854 shares of Dollar General Corp. which is valued at $1,377,263 after selling 38,392 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Dollar General Corp. makes up approximately 1.08% of Chesapeake Asset Management’s portfolio.

Other Hedge Funds, Including , Financial Counselors Inc boosted its stake in DG in the latest quarter, The investment management firm added 30,281 additional shares and now holds a total of 68,381 shares of Dollar General Corp. which is valued at $6,340,286. Dollar General Corp. makes up approx 0.36% of Financial Counselors Inc’s portfolio.Msi Financial Services Inc boosted its stake in DG in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 6,373 shares of Dollar General Corp. which is valued at $605,881. Dollar General Corp. makes up approx 0.02% of Msi Financial Services Inc’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.Ibm Retirement Fund boosted its stake in DG in the latest quarter, The investment management firm added 11 additional shares and now holds a total of 37,447 shares of Dollar General Corp. which is valued at $3,563,082. Dollar General Corp. makes up approx 0.13% of Ibm Retirement Fund’s portfolio.

Dollar General Corp. opened for trading at $88.68 and hit $91.31 on the upside on Wednesday, eventually ending the session at $90.92, with a gain of 1.60% or 1.43 points. The heightened volatility saw the trading volume jump to 45,56,817 shares. Company has a market cap of $25,801 M.

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.. Shares were Downgraded by Jefferies on Aug 15, 2016 to ” Hold” and Lowered the Price Target to $ 96 from a previous price target of $101 .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 .

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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