Cat Rock Capital Management Lp Exits Position in Dollar General Corp. (DG)

Dollar General Corp. (DG) : Cat Rock Capital Management Lp has sold out all of its stake in Dollar General Corp. during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 209,000 shares of Dollar General Corp. which is valued at $19,418,190.

Other Hedge Funds, Including , Marianas Fund Management added DG to its portfolio by purchasing 127,000 company shares during the most recent quarter which is valued at $11,799,570. Dollar General Corp. makes up approx 2.36% of Marianas Fund Management’s portfolio.Nicholas Investment Partners Lp boosted its stake in DG in the latest quarter, The investment management firm added 178 additional shares and now holds a total of 48,747 shares of Dollar General Corp. which is valued at $4,529,084. Dollar General Corp. makes up approx 0.39% of Nicholas Investment Partners Lp’s portfolio.Glenmede Trust Co Na reduced its stake in DG by selling 24,697 shares or 10.62% in the most recent quarter. The Hedge Fund company now holds 207,828 shares of DG which is valued at $19,612,728. Dollar General Corp. makes up approx 0.11% of Glenmede Trust Co Na’s portfolio. Genesee Valley Trust Co added DG to its portfolio by purchasing 2,262 company shares during the most recent quarter which is valued at $215,048. Dollar General Corp. makes up approx 0.14% of Genesee Valley Trust Co’s portfolio.Hartford Investment Management Co reduced its stake in DG by selling 4,045 shares or 5.6% in the most recent quarter. The Hedge Fund company now holds 68,212 shares of DG which is valued at $6,490,372. Dollar General Corp. makes up approx 0.13% of Hartford Investment Management Co’s portfolio.

Dollar General Corp. closed down -0.25 points or -0.35% at $71.75 with 7,301,266 shares getting traded on Wednesday. Post opening the session at $71.96, the shares hit an intraday low of $70.8701 and an intraday high of $72.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Dollar General Corp. reported $1.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 25, 2016. Analyst had a consensus of $1.09. The company had revenue of $5390.00 million for the quarter, compared to analysts expectations of $5497.92 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 EPS.

Investors should note that on Aug 25, 2016, Dollar General Corp. announced a cash dividend of $0.2500. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Sep 28, 2016.

Many Wall Street Analysts have commented on Dollar General Corp.. Dollar General Corp. was Downgraded by Goldman to ” Neutral” on Sep 6, 2016. Shares were Downgraded by Telsey Advisory Group on Aug 26, 2016 to ” Market Perform” and Lowered the Price Target to $ 84 from a previous price target of $102 .Shares were Reiterated by RBC Capital Mkts on Aug 26, 2016 to “Outperform” and Lowered the Price Target to $ 90 from a previous price target of $103 .

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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