First Mercantile Trust Co buys $1,195,226 stake in Dollar General Corp. (DG)

Dollar General Corp. (DG) : First Mercantile Trust Co scooped up 9,022 additional shares in Dollar General Corp. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 17,158 shares of Dollar General Corp. which is valued at $1,195,226.Dollar General Corp. makes up approximately 0.16% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Central Bank Trust Co boosted its stake in DG in the latest quarter, The investment management firm added 28,472 additional shares and now holds a total of 28,796 shares of Dollar General Corp. which is valued at $2,005,929. Dollar General Corp. makes up approx 0.57% of Central Bank Trust Co’s portfolio.Chevy Chase Trust Holdings reduced its stake in DG by selling 27,724 shares or 11.27% in the most recent quarter. The Hedge Fund company now holds 218,307 shares of DG which is valued at $14,620,020. Dollar General Corp. makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in DG in the latest quarter, The investment management firm added 239,295 additional shares and now holds a total of 329,378 shares of Dollar General Corp. which is valued at $22,058,445. Dollar General Corp. makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio. Burns J W Co Incny sold out all of its stake in DG during the most recent quarter. The investment firm sold 2,160 shares of DG which is valued $144,655.Washington Trust Bank boosted its stake in DG in the latest quarter, The investment management firm added 607 additional shares and now holds a total of 666 shares of Dollar General Corp. which is valued at $44,602. Dollar General Corp. makes up approx 0.01% of Washington Trust Bank’s portfolio.

Dollar General Corp. opened for trading at $69.28 and hit $69.86 on the upside on Friday, eventually ending the session at $69.66, with a gain of 0.88% or 0.61 points. The heightened volatility saw the trading volume jump to 38,44,324 shares. Company has a market cap of $19,626 M.

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.

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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