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Stock impact report

1 Wall Street Analyst Thinks Dollar General Stock Is Going to $110. Is It a Buy? [Yahoo! Finance]

Dollar General Corporation (DG) 
Last dollar general corporation earnings: 3/12 06:55 am Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/dollar
Company Research Source: Yahoo! Finance
Melius Research analyst Karen Short recently upgraded the stock to a "buy" rating with a $110 price target , implying upside of 27% over the current $86.85 share price. Dollar General reported a net sales increase of 4.5% year over year in the fourth quarter, with same-store sales up 1.2%. With solid top-line performance, the stock's collapse over the past year looks overdone. Investors could be undervaluing Dollar General's potential to deliver sales growth in a challenging retail environment. For the stock to move higher, Dollar General will need to improve profitability. Its fourth-quarter operating profit was cut in half to $294 million, partly due to store closures and an impairment charge for its pOpshelf business. But management's back-to-basics strategy should shore up the bottom line with a greater focus on improving inventory efficiency and reducing costs. Tariffs on foreign imports could play to Dollar General's strengths. Higher prices for imported goods will push mo Show less Read more
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