The stock of Dollar General Corp. (NYSE:DG) gapped down by $2.93 today and has $71.28 target or 3.00% below today’s $73.48 share price. The 8 months technical chart setup indicates high risk for the $20.44 billion company. The gap down was reported on Dec, 2 by Barchart.com. If the $71.28 price target is reached, the company will be worth $613.20M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 4.97% or $3.84 during the last trading session, hitting $73.48. About 13.06M shares traded hands or 318.59% up from the average. Dollar General Corp. (NYSE:DG) has declined 4.50% since April 28, 2016 and is downtrending. It has underperformed by 10.42% the S&P500.
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. On Monday, April 4 the stock rating was maintained by Macquarie Research with “Outperform”. The rating was maintained by Telsey Advisory Group with “Outperform” on Friday, May 27. The stock has “Hold” rating given by Deutsche Bank on Friday, August 26. BB&T Capital upgraded the stock to “” rating in Friday, November 20 report. The stock has “Market Perform” rating given by Telsey Advisory Group on Friday, August 26. The company was initiated on Thursday, October 13 by KeyBanc Capital Markets. The rating was downgraded by Wolfe Research on Wednesday, September 7 to “Underperform”. The company was maintained on Friday, May 27 by M Partners. The stock of Dollar General Corp. (NYSE:DG) earned “Neutral” rating by Goldman Sachs on Tuesday, September 6. The firm has “Hold” rating given on Monday, October 10 by .
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 0.85 in Q2 2016. Its down 0.36, from 1.21 in 2016Q1. The ratio turned negative, 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.
Guggenheim Ltd Liability Corporation has 0.08% invested in the company for 266,333 shares. Commerzbank Aktiengesellschaft Fi holds 0% of its portfolio in Dollar General Corp. (NYSE:DG) for 5,806 shares. Cwm Lc, a Nebraska-based fund reported 13 shares. South Texas Money Management holds 411,249 shares or 2.17% of its portfolio. First Mercantile Trust has 8,136 shares for 0.1% of their US portfolio. Cornerstone Capital Mngmt Limited Liability last reported 0.09% of its portfolio in the stock. Burns J W Incorporated reported 2,160 shares or 0.06% of all its holdings. Blackstone Gru Lp reported 805,021 shares or 0.35% of all its holdings. Intrepid Capital last reported 6,400 shares in the company. State Street has 11.04M shares for 0.11% of their US portfolio. State Of Alaska Department Of Revenue accumulated 5,228 shares or 0.05% of the stock. Us Bank & Trust De has invested 0.01% of its portfolio in Dollar General Corp. (NYSE:DG). Hartford holds 0.14% or 68,212 shares in its portfolio. Decatur Mgmt has 0.12% invested in the company for 9,746 shares. Livforsakringsbolaget Skandia Omsesidigt last reported 0.16% of its portfolio in the stock.
Insider Transactions: Since June 3, 2016, the stock had 2 insider buys, and 0 selling transactions for $1.36 million net activity. 2,947 Dollar General Corp. (NYSE:DG) shares with value of $268,512 were sold by ELLIOTT ANITA C. RHODES WILLIAM C III bought $381,485 worth of stock. The insider CALBERT MICHAEL M bought 13,000 shares worth $981,886.
More notable recent Dollar General Corp. (NYSE:DG) news were published by: Reuters.com which released: “Lower grocery prices, food stamp cuts hit Dollar General results” on December 01, 2016, also Investorplace.com with their article: “Why Dollar General Corp. (DG) Is a Top-10 Retail Stock” published on November 30, 2016, Etfdailynews.com published: “Dollar General Shares Tank 5% On Weak Earnings & Outlook” on December 01, 2016. More interesting news about Dollar General Corp. (NYSE:DG) were released by: Schaeffersresearch.com and their article: “Buzz Stocks: Dollar General Corp., Express, Inc., and FuelCell Energy Inc” published on December 01, 2016 as well as Businessinsider.com‘s news article titled: “Dollar General sees a surprise drop in comparable sales” with publication date: December 01, 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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