AQR Capital Management LLC and
City Holding Co. have reduced their holdings in
Dollar General (DG). The company's stock experienced a significant
price plunge, of about 30%. It attributes the decline to customers having reduced purchasing power. Despite its struggle, the company has shown generosity by donating an additional
$1 million to the
American Red Cross for hurricane response. Furthermore, DG has advised shareholders against tendering shares in response to a mini-tender offer by
TRC Capital Investment Corporation. The company EVP has also sold over $174k in company stock. Despite a dip in earnings, analysts have tagged DG as a
'Buy-the-Dip' stock with a promising long-term potential. DG continues experiencing losses, facing a drop of 5.8% further this week. Regardless, some market watchers maintain interest in the DG due to its
upcoming dividend. The company expanded its board of directors and has begun an overhaul of its supply chain to improve margins. On one hand, DG quarter results missed expectations, but on the other its stock hit a 52-week low at $79.3. DG is set to pay a dividend of
$0.59.
Dollar General Corp DG News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Sat, 12 Oct 2024 07:45:34 GMT -
Rating -6
- Innovation -5
- Information +6
- Rumor -7
