Can Dollar General Corp.’s Tomorrow Be Different? Option Trader Are Very Bearish

 Can Dollar General Corp.'s Tomorrow Be Different? Option Trader Are Very Bearish

In today’s session Dollar General Corp. (DG) recorded an unusually high (500) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious DG decrease. With 500 contracts traded and 374 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: DG161118P00068500 closed last at: $1.55 or 6.1% down. About 802,368 shares traded hands. Dollar General Corp. (NYSE:DG) has declined 19.05% since April 5, 2016 and is downtrending. It has underperformed by 21.01% 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. Johnson Rice downgraded the shares of DG in a report on Friday, August 26 to “Accumulate” rating. The stock has “Overweight” rating given by Piper Jaffray on Tuesday, November 3. RBC Capital Markets maintained Dollar General Corp. (NYSE:DG) rating on Friday, August 28. RBC Capital Markets has “Outperform” rating and $88 price target. Atlantic Securities downgraded Dollar General Corp. (NYSE:DG) on Wednesday, August 31 to “Neutral” rating. RBC Capital Markets maintained it with “Outperform” rating and $98 target price in Friday, May 27 report. UBS maintained the stock with “Buy” rating in Friday, May 27 report. The stock has “Sector Weight” rating given by KeyBanc Capital Markets on Thursday, October 13. The stock of Dollar General Corp. (NYSE:DG) has “Hold” rating given on Monday, August 15 by Jefferies. The company was maintained on Friday, May 27 by Telsey Advisory Group. The rating was maintained by M Partners with “Buy” on Friday, December 4.

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 2016 Q2. Its down 0.04, from 1.25 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.
Goodman Corp owns 54,975 shares or 3.08% of their US portfolio. First Midwest Commercial Bank Trust Division last reported 0.03% of its portfolio in the stock. Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 37,152 shares or 0.32% of the stock. State Bank Of The Ozarks owns 3,930 shares or 0.13% of their US portfolio. Lpl Fin Ltd Liability Company, a California-based fund reported 42,221 shares. Dorsey Wright And Associates accumulated 0.26% or 5,188 shares. The New York-based Capstone Advisors Limited Com has invested 0.01% in Dollar General Corp. (NYSE:DG). Parkwood Limited Liability Com holds 6,592 shares or 0.1% of its portfolio. Gluskin Sheff & Assocs Incorporated has invested 1.73% of its portfolio in Dollar General Corp. (NYSE:DG). Cambridge Inv Research Advsr has invested 0.02% of its portfolio in Dollar General Corp. (NYSE:DG). Martingale Asset Management Ltd Partnership has invested 0.28% of its portfolio in Dollar General Corp. (NYSE:DG). Central State Bank & Company holds 324 shares or 0.01% of its portfolio. Bb&T Ltd Limited Liability Company holds 0.18% of its portfolio in Dollar General Corp. (NYSE:DG) for 124,644 shares. State Of New Jersey Common Pension Fund D accumulated 152,000 shares or 0.06% of the stock. Blackrock last reported 0.08% of its portfolio in the stock.

Insider Transactions: Since June 3, 2016, the stock had 2 insider purchases, and 1 insider sale for $1.09 million net activity. 5,000 shares with value of $381,485 were bought by RHODES WILLIAM C III on Friday, August 26. CALBERT MICHAEL M bought 13,000 shares worth $981,886. On Friday, June 3 the insider ELLIOTT ANITA C sold $268,512.

Dollar General Corporation is a discount retailer. The company has a market cap of $19.95 billion. The Firm offers a selection of merchandise, including consumables, seasonal, home products and apparel. It has a 16.28 P/E ratio. The Company’s consumables category includes paper and cleaning products ; packaged food (such as cereals, spices, sugar and flour); perishables (such as milk, beer and wine); snacks (such as candy, cookies, and carbonated beverages); health and beauty (such as over-the-counter medicines and personal care products); pet (pet supplies and pet food), and tobacco products.

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.

More notable recent Dollar General Corp. (NYSE:DG) news were published by: Fool.com which released: “Why Dollar General Corp. Shares Slipped” on August 25, 2016, also Nasdaq.com with their article: “Dollar General Corp Becomes Oversold” published on October 10, 2016, Fool.com published: “Better Buy: Wal-Mart Stores, Inc. vs. Dollar General Corp.” on May 04, 2016. More interesting news about Dollar General Corp. (NYSE:DG) were released by: Investorplace.com and their article: “Trade of the Day: Dollar General Corp. (NYSE:DG)” published on September 22, 2016 as well as Fool.com‘s news article titled: “Can Dollar General Corp. Succeed Where Wal-Mart Stores Inc. Failed?” with publication date: March 21, 2016.

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