Dollar General NYSE: DG sklepy dyskontowe

[slayer74]

Dollar General Corp (NYSE:DG) fell 7.5% after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp (NASDAQ:COST) dropped 6.6% after the membership-only retail chain reported slower sales growth in November.

[slayer74]

Dollar General hiked its dividend by 7.3% to $0.59 quarterly per share. The dividend yield for $DG is 1.11%. #dividends

[slayer74]

Dollar General's EPS can grow over $17 by 2027, Jefferies advises focusing on the long term

Jefferies reiterated its Buy rating and $285.00 price target on Dollar General (NYSE:DG), noting it believes investors are overly focused on the near term while missing the long-term opportunity of DD% EPS growth beyond 2023.

The firm estimates 2027 EPS to be $17.11 (vs. consensus of $16.38), representing over 60% growth from 2022 levels, driven by market share gains ahead and unit expansion.

Looking to fiscal 2023, Jefferies expects the company's consumable sales growth to be at least in line with the market. The company is expanding its produce offering to >5K stores in 2023 with the long-term goal of >10K. “We quantified the consumables market share benefit of adding produce to stores, and we believe DG's share could grow to 2.6% in 2027 vs. 2.0% today,” added Jefferies.

The company announced today the promotion of Kelly Dilts to Executive Vice President and CFO effective May 1, 2023. Dollar General’s current President and CFO John Garratt will retain his role as President until his planned retirement on June 2, 2023.

[slayer74]

Two Wall Street firms downgraded Dollar General (NYSE:DG) after the company reported a Q1 EPS and revenue miss, which resulted in a share price drop of more than 19% yesterday.



Piper Sandler downgraded the company to Neutral from Overweight and cut its price target to $178.00 from $275.00 on somewhat inexplicable sales/comp weakness, lack of conviction for a near-term rebound, and concerns that guidance wasn't reduced enough.

While noting that Dollar General highlights well-known macro headwinds, Piper Sandler cannot explain why it is seeing a more material impact (and lack of trade-down) versus other retailers serving lower-income customers.

Meanwhile, Atlantic Equities downgraded the company to Neutral from Overweight with a price target of $170.00 following the commentary on the most recent changes to consumer behavior. The firm highlighted that Q1 showed a steeper rate of change in Dollar General's core customer base.

[slayer74]

Undervalued Dividend Growth Stock of the Week: Dollar General (DG)
by Jason Fieber, Mr. Free at 33 • July 2, 2023



https://dailytradealert.com/2023/07/02/ ... eneral-dg/

A Good Deal on This Great Dividend Compounder
https://www.youtube.com/watch?v=12lMA07BgLA

[slayer74]

HSBC analysts upgraded shares of Dollar General (NYSE:DG) to Hold from Reduce, maintaining a $102 per share price target in a recent note to clients.

The analysts told investors they hope DG can get back on track under new leadership after the company announced the election of Todd Vasos to replace Jeff Owen as its new CEO, while they also believe the shares have hit their bottom.

"Mr Vasos previously served as Dollar General's CEO from June 2015 to November 2022 and his tenure was marked by a significant transformation, accelerated growth and innovation," the HSBC analysts noted.

DG also updated its guidance for 2023, where it once again lowered its sales growth and EPS expectations.

"Although we are not changing estimates or target price, as our estimates are still very much aligned with the new guidance in sales and EPS announced today, we are upgrading the shares to Hold from Reduce," wrote the analysts.

"We believe that all the bad news is already priced in at these levels and now find the risk/reward more attractive, as the stock is trading at 2024e PE of 13x, which is a 30% discount to its 10-year average trading multiple."