Could Dollar General Corporation (DG) Lose its Strength? The Stock Reaches 52-Week High

January 23, 2018 - By Michael Collier

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.07, from 0.98 in 2017Q2. It fall, as 58 investors sold Dollar General Corporation shares while 187 reduced holdings. 56 funds opened positions while 167 raised stakes. 237.14 million shares or 1.40% less from 240.50 million shares in 2017Q2 were reported.
Meiji Yasuda Asset Mngmt Limited owns 3,778 shares for 0.03% of their portfolio. Fuller Thaler Asset stated it has 2,600 shares or 0% of all its holdings. Hightower Advsrs Ltd Liability holds 0.06% or 83,212 shares. Clarivest Asset Mngmt Ltd reported 18 shares or 0% of all its holdings. Cleararc Capital Inc accumulated 6,704 shares or 0.08% of the stock. Oppenheimer Asset Management Inc owns 103,471 shares. Ibm Retirement Fund holds 0.12% of its portfolio in Dollar General Corporation (NYSE:DG) for 7,025 shares. Riverhead Capital Mngmt owns 24,285 shares. Usca Ria Ltd Liability Com invested 0.48% in Dollar General Corporation (NYSE:DG). Hellman Jordan Management Inc Ma reported 10,157 shares. South Dakota Invest Council holds 0.06% of its portfolio in Dollar General Corporation (NYSE:DG) for 34,900 shares. Hutchin Hill Ltd Partnership reported 115,000 shares stake. Tocqueville Asset Management L P invested in 43,625 shares or 0.04% of the stock. Moreover, Manning Napier Advisors Ltd Liability Company has 0.07% invested in Dollar General Corporation (NYSE:DG) for 102,350 shares. 58,805 were accumulated by Catawba Management Va.

Since September 12, 2017, it had 0 buys, and 5 insider sales for $3.04 million activity. Shares for $186,747 were sold by ELLIOTT ANITA C. Shares for $251,895 were sold by TAYLOR RHONDA. On Thursday, December 14 the insider Kindy Michael J sold $683,092.

The stock of Dollar General Corporation (NYSE:DG) hit a new 52-week high and has $108.52 target or 5.00 % above today’s $103.35 share price. The 6 months bullish chart indicates low risk for the $28.07 billion company. The 1-year high was reported on Jan, 23 by If the $108.52 price target is reached, the company will be worth $1.40B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.06% or $1.08 during the last trading session, reaching $103.35. About 392,515 shares traded. Dollar General Corporation (NYSE:DG) has declined 12.26% since January 23, 2017 and is downtrending. It has underperformed by 28.96% the S&P500.

Analysts await Dollar General Corporation (NYSE:DG) to report earnings on March, 15. They expect $1.45 EPS, down 2.68 % or $0.04 from last year’s $1.49 per share. DG’s profit will be $393.77M for 17.82 P/E if the $1.45 EPS becomes a reality. After $0.98 actual EPS reported by Dollar General Corporation for the previous quarter, Wall Street now forecasts 47.96 % EPS growth.

Dollar General Corporation (NYSE:DG) Ratings Coverage

Among 30 analysts covering Dollar General Corp. (NYSE:DG), 15 have Buy rating, 3 Sell and 12 Hold. Therefore 50% are positive. Dollar General Corp. had 97 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan on Friday, August 26 to “Neutral”. BMO Capital Markets downgraded Dollar General Corporation (NYSE:DG) rating on Friday, August 26. BMO Capital Markets has “Market Perform” rating and $78 target. Jefferies maintained Dollar General Corporation (NYSE:DG) on Tuesday, August 22 with “Hold” rating. Jefferies maintained it with “Hold” rating and $85.0 target in Thursday, December 7 report. As per Thursday, December 7, the company rating was maintained by Piper Jaffray. The rating was downgraded by Bank of America to “Neutral” on Friday, January 13. UBS maintained the shares of DG in report on Friday, August 26 with “Buy” rating. The stock of Dollar General Corporation (NYSE:DG) has “Buy” rating given on Tuesday, February 23 by Buckingham Research. The firm earned “Buy” rating on Monday, December 4 by UBS. The stock of Dollar General Corporation (NYSE:DG) earned “Buy” rating by Deutsche Bank on Friday, May 27.

More notable recent Dollar General Corporation (NYSE:DG) news were published by: which released: “Dollar General’s Unique Position” on January 10, 2018, also with their article: “Why Dollar General Corporation Rose 25% in 2017” published on January 11, 2018, published: “Follow Dollar General Into Battle” on January 10, 2018. More interesting news about Dollar General Corporation (NYSE:DG) were released by: and their article: “5 Fascinating Facts About Dollar General Investors Should Know” published on December 27, 2017 as well as‘s news article titled: “Top Analyst Upgrades and Downgrades: Amgen, Caterpillar, Dollar General, Duke …” with publication date: January 23, 2018.

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company has market cap of $28.07 billion. The firm offers consumable products, including paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables consisting of milk, eggs, bread, refrigerated and frozen food, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, as well as soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which include pet supplies and pet food; and tobacco products. It has a 22.9 P/E ratio. It also provides seasonal products, including decorations, toys, batteries, small electronics, greeting cards, stationery products, prepaid phones and accessories, gardening supplies, hardware products, and automotive and home office supplies; and home products consisting of kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen products, beds, and bath soft goods.

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