Dollar General Corp. Stock Was Sold By Options Traders

 Dollar General Corp. Stock Was Sold By Options Traders

In today’s session Dollar General Corp. (DG) recorded an unusually high (2,010) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious DG decrease. With 2,010 contracts traded and 4094 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: DG161216P00072500 closed last at: $1 or 33.3% down. The stock increased 0.49% or $0.39 on November 23, hitting $79.71. About 2.45M shares traded hands. Dollar General Corp. (NYSE:DG) has declined 2.12% since April 22, 2016 and is downtrending. It has underperformed by 7.53% the S&P500.

Analysts await Dollar General Corp. (NYSE:DG) to report earnings on December, 1 before the open. They expect $0.93 earnings per share, up 5.68% or $0.05 from last year’s $0.88 per share. DG’s profit will be $270.80 million for 21.43 P/E if the $0.93 EPS becomes a reality. After $1.08 actual earnings per share reported by Dollar General Corp. for the previous quarter, Wall Street now forecasts -13.89% negative EPS growth.

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 Macquarie Research on Friday, August 26 with “Outperform”. UBS maintained the shares of DG in a report on Friday, May 27 with “Buy” rating. On Friday, May 27 the stock rating was maintained by Jefferies with “Buy”. The stock has “Buy” rating given by Buckingham Research on Tuesday, February 23. The stock of Dollar General Corp. (NYSE:DG) earned “Neutral” rating by Goldman Sachs on Tuesday, September 6. The stock of Dollar General Corp. (NYSE:DG) has “Buy” rating given on Friday, December 4 by M Partners. Macquarie Research maintained Dollar General Corp. (NYSE:DG) on Monday, April 4 with “Outperform” rating. Telsey Advisory Group downgraded Dollar General Corp. (NYSE:DG) rating on Friday, August 26. Telsey Advisory Group has “Market Perform” rating and $84 price target. Barclays Capital initiated the stock with “Equal-Weight” rating in Friday, September 23 report. The stock of Dollar General Corp. (NYSE:DG) has “Neutral” rating given on Wednesday, August 31 by Atlantic Securities.

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 fall, 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.
Qualcomm De has 85,300 shares for 1.08% of their US portfolio. Psagot House Limited last reported 37,238 shares in the company. Balyasny Asset Management Ltd Liability Corporation accumulated 160,400 shares or 0.1% of the stock. Deere owns 12,899 shares or 0.07% of their US portfolio. Nicholas Invest Prtnrs Ltd Partnership accumulated 0.32% or 48,747 shares. Parsec Management holds 0.23% or 25,580 shares in its portfolio. Synovus Finance owns 5,941 shares or 0.01% of their US portfolio. Trexquant Invest L P reported 10,700 shares or 0.13% of all its holdings. Global X Mngmt Com Limited Liability Com holds 0% or 787 shares in its portfolio. The United Kingdom-based Majedie Asset Ltd has invested 1.64% in Dollar General Corp. (NYSE:DG). Incline Global Mngmt Limited Liability holds 8.49% of its portfolio in Dollar General Corp. (NYSE:DG) for 388,286 shares. C M Bidwell & Associates Ltd holds 0.96% of its portfolio in Dollar General Corp. (NYSE:DG) for 41,330 shares. Legal & General Gru Public Ltd Liability accumulated 0.13% or 1.31M shares. Mutual Of America Capital Ltd Llc holds 0.07% of its portfolio in Dollar General Corp. (NYSE:DG) for 33,105 shares. Stratos Wealth Ltd last reported 5,397 shares in the company.

Insider Transactions: Since June 3, 2016, the stock had 2 buys, and 1 sale for $1.09 million net activity. RHODES WILLIAM C III bought $381,485 worth of stock. $981,886 worth of Dollar General Corp. (NYSE:DG) was bought by CALBERT MICHAEL M. ELLIOTT ANITA C had sold 2,947 shares worth $268,512 on Friday, June 3.

Dollar General Corporation is a discount retailer. The company has a market cap of $23.21 billion. The Firm offers a selection of merchandise, including consumables, seasonal, home products and apparel. It has a 18.66 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 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 Fool.com published the news titled: “Better Buy: Wal-Mart Stores, Inc. vs. Dollar General Corp.” on May 04, 2016. Forbes.com‘s news article titled: “Dollar General Becomes Oversold” with publication date: September 16, 2016 was also an interesting one.

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