Dollar General Corp (NYSE:DG).
Appaloosa LP sold 335,914 shares during the last quarter decreasing its exposure to Dollar General Corp by 35.9%. Its stake was worth $48,570,000 a decrease of 28.0% as of the end of the quarter.
Several firms have updated their holdings. Provident Investment Management, Inc. added to its holdings by buying 4,762 shares an increase of 1.8% from 06/30/2017 to 09/30/2017. Provident Investment Management, Inc. owns 268,575 shares worth $21,768,000. The value of the position overall is up by 14.5%. As of the end of the quarter Brookside Capital Management LLC had disposed of a total of 3,269 shares trimming its stake by 1.1%. The value of the total investment in Dollar General Corp went from $20,589,000 to $22,883,000 increasing 11.1% since the last quarter.
As of quarter end Baird Financial Group, Inc. had sold 186,687 shares trimming its position 28.9%. The value of the investment in DG decreased from $46,561,000 to $37,217,000 a change of 20.1% quarter over quarter.
On November 3, 2017 Wells Fargo & Company updated guidance on DG setting a rating of “Underperform”. October 10 investment analysts at Royal Bank Of Canada made no change to the stock rating of “Buy” with a current price target of $85.00.
On September 29 Piper Jaffray Companies made no change to the company rating of “Buy” projecting a price of $85.00. On September 27, 2017 BMO Capital Markets maintained a “Hold” rating on the company.
Citigroup raised the price target on September 13 boosting the projection from $87.00 to $90.00 and stated a “Buy” rating. On September 1 Deutsche Bank AG held the stock rating at “Hold” targeting a price of $79.00.
In the market the company is trading down by 1.75% percent from yesterday’s close. Dollar General Corp’s P/E ratio is 18.49 and the market cap of the company is 22.35B. In the latest earnings report the EPS was $4.42 with 273.26M shares currently outstanding.
Traders are a little more bullish recently if you look at the decrease in short interest. The firm experienced a fall in short interest of -16.77% as of the latest report on October 31, 2017. Short interest decreased from 15,691,637 to 13,060,284 over that timeframe. With short interest at 13,060,284 and short average daily volume at 1,964,649, days to cover is 7.0 and the percentage of shorted shares is 0.05% as of October 31.