Stock On Watch: Does Dollar General Corp. Have Any Gas After Today’s Significant Decline?

Stock On Watch: Does Dollar General Corp. Have Any Gas After Today's Significant Decline?

The stock of Dollar General Corp. (NYSE:DG) is a huge mover today! About 1.12 million shares traded hands. Dollar General Corp. (NYSE:DG) has declined 18.42% since March 11, 2016 and is downtrending. It has underperformed by 23.88% the S&P500.
The move comes after 8 months negative chart setup for the $19.54 billion company. It was reported on Oct, 14 by Barchart.com. We have $62.85 PT which if reached, will make NYSE:DG worth $1.76 billion less.

Dollar General Corp. (NYSE:DG) Ratings Coverage

Out of 24 analysts covering Dollar General Corp. (NYSE:DG), 12 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 50% are positive. Dollar General Corp. has been the topic of 52 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The rating was maintained by Citigroup with “Buy” on Wednesday, August 31. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 23 report. Credit Suisse downgraded the stock to “Neutral” rating in Thursday, August 25 report. The stock of Dollar General Corp. (NYSE:DG) earned “Hold” rating by on Monday, October 10. The firm earned “Buy” rating on Friday, December 4 by M Partners. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, May 27. The stock has “Neutral” rating given by Bank of America on Wednesday, October 21. The firm earned “Buy” rating on Friday, May 27 by M Partners. Bank of America upgraded Dollar General Corp. (NYSE:DG) on Wednesday, May 4 to “Buy” rating. The stock of Dollar General Corp. (NYSE:DG) earned “Equal-Weight” rating by Barclays Capital on Friday, March 11.

According to Zacks Investment Research, “Dollar General Corporation is a discount retailer in the United States. The Company separates its merchandise into four categories, which includes highly consumable, seasonal, home products and basic clothing. Highly consumable consists of packaged food, candy, snacks and refrigerated products, health and beauty aids, home cleaning supplies and pet supplies; seasonal consists of seasonal and holiday-related items, toys, stationery and hardware; home products consists of house wares and domestics, and basic clothing consists of casual everyday apparel. Dollar General is among the largest retailers of top-quality products made by America’s most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg’s, General Mills, Nabisco, Fruit of the Loom, PepsiCo and Coca-Cola. The Company store support center is located in Goodlettsville, Tennessee.”

Insitutional Activity: The institutional sentiment decreased to 1.21 in Q2 2016. Its down 0.04, from 1.25 in 2016Q1. The ratio worsened, as 41 funds sold all Dollar General Corp. shares owned while 214 reduced positions. 94 funds bought stakes while 215 increased positions. They now own 228.41 million shares or 5.02% less from 240.47 million shares in 2016Q1.
Blackrock Inc owns 597,815 shares or 0.08% of their US portfolio. Ls Advsr Lc has 0.06% invested in the company for 9,521 shares. Blair William And Il last reported 195,885 shares in the company. Patten Patten Tn last reported 9,365 shares in the company. Capstone Ltd accumulated 6,900 shares or 0.01% of the stock. Moreover, Brandywine Glob Management has 0% invested in Dollar General Corp. (NYSE:DG) for 162 shares. Alkeon Capital Management Lc last reported 1.71M shares in the company. Jefferies Gp Ltd Liability Corporation last reported 4,942 shares in the company. Proshare Advisors Lc has invested 0.03% of its portfolio in Dollar General Corp. (NYSE:DG). Point72 Asset Mngmt Lp has 83,200 shares for 0.05% of their US portfolio. Pub Sector Pension Inv Board owns 53,840 shares or 0.06% of their US portfolio. D E Shaw And accumulated 141,088 shares or 0.02% of the stock. At Commercial Bank has 34,129 shares for 0.48% of their US portfolio. Grantham Mayo Van Otterloo And Llc has 0.02% invested in the company for 56,250 shares. Prudential Public Ltd Co last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 2 buys, and 1 insider sale for $1.09 million net activity. On Tuesday, August 30 the insider CALBERT MICHAEL M bought $981,886. 5,000 shares were bought by RHODES WILLIAM C III, worth $381,485 on Friday, August 26. ELLIOTT ANITA C also sold $268,512 worth of Dollar General Corp. (NYSE:DG) on Friday, June 3.

More important recent Dollar General Corp. (NYSE:DG) news were published by: Nasdaq.com which released: “Dollar General Corp Becomes Oversold” on October 10, 2016, also Fool.com published article titled: “Why Dollar General Corp. Shares Slipped”, Investorplace.com published: “Time to Find Better Retail Options as Dollar General Corp. Sinks (DG)” on October 07, 2016. More interesting news about Dollar General Corp. (NYSE:DG) was released by: Forbes.com and their article: “Dollar General Becomes Oversold” with publication date: September 16, 2016.

DG Company Profile

Dollar General Corporation, incorporated on May 29, 1998, is a discount retailer. The Firm offers a selection of merchandise, including consumables, seasonal, home products and apparel. The Company’s consumables category includes paper and cleaning products (such as paper towels, bath tissue, paper dinnerware, trash and storage bags, laundry and other home cleaning supplies); packaged food (such as cereals, canned soups and vegetables, condiments, spices, sugar and flour); perishables (such as milk, eggs, bread, frozen meals, beer and wine); snacks (such as candy, cookies, crackers, salty snacks and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products, such as soap, body wash, shampoo, dental hygiene and foot care products); pet (such as pet supplies and pet food), and tobacco products. The Company’s seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. The Company’s home products include kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, and bed and bath soft goods. The Company’s apparel products include casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories.

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