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

Dollar General Corp. (DG) : Holland Capital Management reduced its stake in Dollar General Corp. by 31.45% during the most recent quarter end. The investment management company now holds a total of 530,657 shares of Dollar General Corp. which is valued at $49,303,342 after selling 243,494 shares in Dollar General Corp. , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Dollar General Corp. makes up approximately 1.82% of Holland Capital Management’s portfolio.

Other Hedge Funds, Including , Segall Bryant Hamill reduced its stake in DG by selling 469 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 448,606 shares of DG which is valued at $41,679,983. Dollar General Corp. makes up approx 1.06% of Segall Bryant Hamill’s portfolio.Blair William Coil boosted its stake in DG in the latest quarter, The investment management firm added 6,701 additional shares and now holds a total of 195,885 shares of Dollar General Corp. which is valued at $18,162,457. Dollar General Corp. makes up approx 0.16% of Blair William Coil’s portfolio.Goodman Financial Corp boosted its stake in DG in the latest quarter, The investment management firm added 1,145 additional shares and now holds a total of 54,975 shares of Dollar General Corp. which is valued at $5,187,991. Dollar General Corp. makes up approx 2.98% of Goodman Financial Corp’s portfolio. Dorsey Wright Associates added DG to its portfolio by purchasing 5,188 company shares during the most recent quarter which is valued at $493,638. Dollar General Corp. makes up approx 0.26% of Dorsey Wright Associates’s portfolio.

Dollar General Corp. closed down -0.84 points or -0.92% at $90.85 with 20,73,712 shares getting traded on Friday. Post opening the session at $91.6, the shares hit an intraday low of $90.42 and an intraday high of $91.87 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 $1.03 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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