|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||156.22 - 158.60|
|52 Week Range||98.08 - 162.34|
|Beta (3Y Monthly)||0.55|
|PE Ratio (TTM)||25.11|
|Earnings Date||Dec 2, 2019 - Dec 6, 2019|
|Forward Dividend & Yield||1.28 (0.82%)|
|1y Target Est||165.19|
Dollar General Corp.'s newer, smaller convenience concept is coming to downtown Orlando. Goodlettsville, Tennessee-based Dollar General (NYSE: DG) plans to open its DGX concept at 50 S. Rosalind Ave. in the ground floor level of Modera Central, according to a building permit filed with the city of Orlando. Orlando Business Journal first reported Dollar General was searching for downtown locations to open its DGX concept.
What separates winners from losers, UBS strategist Francois Trahan said, is “beta”—a volatility metric measuring how much a stock deviates from the market’s movement. Think Facebook, Alphabet and Boston Scientific.
With the major indices scoring a fairly strong September, recession fears may have subsided for some. Plus, certain metrics for the U.S. economy appear healthy, suggesting that the bears are overplaying their hand. Thus, loading up on dividend stocks to buy for a coming downturn seems unnecessary.Of course, I don't have a crystal ball: none of us do. Perhaps President Trump can convince the Federal Reserve to perform some fiscal voodoo, keeping the party going. Still, I believe that no matter what your perspective is, dividend stocks represent an important component of your portfolio, and especially at this juncture.First, let's look at reality. According to data from the Federal Reserve Economic Research, the average price of a house sold jumped over 37% since the beginning of this decade. In contrast, the hourly earnings of all employees only gained a little over 25% during the same period. In many markets, housing affordability greatly exceeds personal income. That's probably not a sustainable situation, which bolsters the case for recession-resistant dividend stocks to buy.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSecond, it's not just the U.S.-China trade war that drives the case for contextually defensive dividend stocks. Because we live in a globalized economy, nothing occurs in a vacuum. Germany is finding that out the hard way, with exports to China suffering due to geopolitical conflicts. And if Germany goes down, it could send a ripple effect everywhere else. * 10 Defense Stocks to Buy During Rising Geopolitical Tensions Finally, the stock market's total market capitalization is 144% of the last reported GDP. That's extreme speculation, meaning you better be right about your non-recession call. Otherwise, here are eight dividend stocks to buy: Dividend Stocks to Buy for a Recession: Dollar General (DG)Source: Jonathan Weiss / Shutterstock.com I usually don't like to start off my list with speculative or overheated names. However, I'm going to make an exception for Dollar General (NYSE:DG). Yes, DG stock has absolutely soared so far this year, gaining over 48% since January's opening session. Also, I concede that after a huge jump late August, shares are liable to come down.When or if they do, however, I'd look into picking up shares. Primarily, the enthusiasm over DG stock has fundamental justification. Both Dollar General and rival Dollar Tree (NASDAQ:DLTR) produced solid earnings results overall. For Dollar General, the discount retailer raised its full-year guidance despite the ongoing U.S.-China trade war.Secondly, I think investors can reasonably expect bullishness to underline DG stock if our economy weakens. With wage growth not keeping pace with housing prices, a good-sized shock could disproportionately impact our labor market. That would drive increased traffic to discount retailers.Of course, compared to other dividend stocks to buy, Dollar General's yield is nothing to write home about. But with its relevant business, DG may offer some capital growth to compensate. Home Depot (HD)Source: Helen89 / Shutterstock.com Logically, recessions make everything worse. Not only must you complete your usual routine, you also must do so with potentially less funds. But what's truly problematic is that recessions don't coincide to fit your timetable conveniently. If something goes wrong, it'll go wrong when it wants to. And that simple thesis underlines Home Depot (NYSE:HD) and HD stock.As with Dollar General, HD stock has outperformed many other dividend stocks. Therefore, I'm not necessarily fishing to buy shares right now, especially near all-time highs. But with every dip and dive, HD stock becomes increasingly appealing.First, in my opinion, Home Depot has a moat against Amazon (NASDAQ:AMZN). While modern shoppers have gravitated toward the e-commerce platform, many shoppers prefer the brick-and-mortar experience. A big reason why is because they can see and test out products before purchase. This is especially crucial for home repair or renovation projects. * 7 Stocks the Insiders Are Buying on Sale Second, cash-strapped families are more likely to shop at Home Depot during an economic downturn. Video platforms like Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube have made do-it-yourself projects more accessible. Indirectly, this benefits HD stock as people are financially incentivized to roll up their sleeves. Procter & Gamble (PG)Source: Jonathan Weiss / Shutterstock.com A common theme among defensive dividend stocks to buy is that they have outperformed this year. For those who don't believe that we're facing a recession, they may want to consider why names like Procter & Gamble (NYSE:PG) have delivered robust market returns. On a year-to-date basis, PG stock has jumped 36%.In a world where drones fly your online purchases to your door, what Procter & Gamble offers seems incredibly boring: toothpaste, tampons, hair products, dishwashing liquid and laundry detergent, among many other product categories. At the same time, these are also necessities: unless it's an extremely severe one, recessions don't prevent people from taking care of themselves. Hence, you have your case for PG stock.Moreover, as a stalwart among blue-chip dividend stocks, Procter & Gamble represents a safety valve for your portfolio. This is not a get-rich-overnight investment. It might not make you rich at all. However, the secular demand for the company's products should help PG stock weather the storm. PepsiCo (PEP)Source: Shutterstock While recession-resistant consumer dividend stocks tend to emphasize the necessities, PepsiCo (NASDAQ:PEP) demonstrates that's not always the case. Since the start of this year, PEP stock has jumped over 27%. For traditional soft drink makers, the bullishness in this arena is a welcome change.For many years, investors avoided PEP stock and rival Coca-Cola (NYSE:KO) because of shifting consumer behaviors. The major problem was that younger consumers eschewed sugary, carbonated drinks for healthier alternatives. That has led to frustrating sideways consolidation for shares of Coca-Cola, as well as PEP stock.To their credit, neither PepsiCo nor Coca-Cola took the consumer behavioral change lying down. Specifically for PepsiCo, management shifted their priorities to higher-growth beverage segments, such as energy drinks. They've also invested heavily in Bubly, Pepsi's sparkling water brand. * 10 Recession-Resistant Services Stocks to Buy Best of all, these changes are working. PepsiCo scored an earnings and revenue beat for its second-quarter report. Also, a recession might provide an unexpected lift for PEP stock. In a downturn, beggars can't be choosers. Therefore, don't be surprised to see a lift in cheap, sugary soft drinks. Disney (DIS)Source: ilikeyellow / Shutterstock.com Among dividend stocks to buy, Disney (NYSE:DIS) presents a very tricky case. On the bearish end of the spectrum, the trade war has a direct impact on the global tourism industry. Recently, the Financial Review noted that fewer Chinese tourists are visiting Australia, sounding alarm for the nation's tourism industry.If the Chinese aren't visiting countries close to them, they're certainly less inclined to visit the U.S. Naturally, this may hurt DIS stock, which enjoys a dominant presence in the theme park and resort space.On the other hand, Disney owns multiple resorts and entertainment properties throughout Asia. Even in economically rough circumstances, many families like to treat themselves to an excursion.Plus, other elements of Disney's businesses are quite compelling in a slump. For example, the company is rolling out their streaming service called Disney+. It features the Magic Kingdom's lucrative content library, along with shows inspired by marquee franchises like Star Wars. That's a huge plus for DIS stock.As far as the yield goes, many other dividend stocks offer superior passive income. However, Disney has a very stable business that becomes net more attractive in a recession. AT&T (T)Source: Lester Balajadia / Shutterstock.com Although it frequently pops up in lists of dividend stocks to buy, AT&T (NYSE:T) is somewhat of a controversial name. That's because the telecom giant has been very acquisitive, and many observers don't view this as a positive attribute. Principally, AT&T's $85 billion buyout of TimeWarner seemed excessive to conservative investors.For a while, the detractors were dead-on with their assessment. Since the early spring of 2017, T stock was mired in an ugly bearish trend channel. At its worst, shares closed below $30 in December of last year.However, since hitting that bottom, T stock has looked much more interesting. I'll admit that the capital growth narrative is a more of a slow grind. But that's what dividend stocks do, right? Additionally, while it inched higher, shareholders received a nice payout. * 10 Defense Stocks to Buy During Rising Geopolitical Tensions Over the long run, I believe T stock has potential. First, the 5G rollout cannot occur with giants like AT&T and rival Verizon (NYSE:VZ) investing in the infrastructure. Second, while the TimeWarner deal was expensive, it does give the company a valuable content empire. Cinemark (CNK)Source: Rennett Stowe via Flickr (modified)Over the past few months, I've consistently forwarded the argument that recessions place a premium on sources of entertainment. Although Americans are generally hard-working and have a history of working harder when the times get tough, we're not robots. We do need our downtime, a distraction from our daily troubles. This is where Cinemark (NYSE:CNK) and CNK stock come into the picture.Under the Cinemark umbrella, the company has multiple brands: its namesake brand, Century Theatres, Tinseltown USA, CineArts and Rave Cinemas. This allows the company to cater to different tastes. Audience members can watch summer blockbusters in Century Theatres, often located in major metropolitan areas. For those who prefer classier affairs, they can enjoy films showing at CineArts.But what really drives interest for CNK stock is its comparatively low overhead. Cinemark features fewer locations in high-rent areas. Therefore, the company is more profitable than its rivals.Another important factor for CNK stock is Cinemark's lower ticket prices relative to the competition. With a possible recession on the horizon, low-cost leaders will look more attractive. Therefore, don't overlook Cinemark in your short list of dividend stocks to buy. AMC Entertainment (AMC)Source: Sundry Photography / Shutterstock.com Touting Cinemark's comparatively low overhead, there doesn't seem to be much reason to talk about AMC Entertainment (NYSE:AMC). Sure, people want a distraction from their troubles. Additionally, as I've mentioned before about AMC stock, it's money well spent. When you compare buying movie tickets to watching professional sports live, there's no comparison.However, you can also say the same about Cinemark. So what makes AMC stock worth buying, especially considering the company's lower margins relative to Cinemark? It comes down to that one word repeated three times: location, location, location.Take a look at Cinemark's southern California locations: I count a whopping 22 theaters. This covers Los Angeles County and a handful of locations in Riverside and Orange counties. Interestingly, San Diego gets zero love.Now compare that to AMC. Throughout high-market areas, you get extensive representation. Plus, AMC Theatres tend to be located in nicer neighborhoods. * 7 Fantastic Fidelity Funds for a Range of Investors If these factors aren't enough to convince you to buy AMC stock, it also pays a nearly 7% dividend yield for your troubles.As of this writing, Josh Enomoto was long T stock and AMC stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 8 Dividend Stocks to Buy for a Recession appeared first on InvestorPlace.
Closing out the first week of September, the benchmark indices finally started to gain some positive momentum. Although encouraging in the nearer term, overall, I don't find the moves that impressive. With Wall Street lacking the holistic energy to push the indices to fresh heights, I believe investors are better served acting defensively. As such, retail stocks to buy provide an intriguing mix of protection and upside potential.But at first glance, retail stocks seem like a sector to avoid like the plague. If our economy stumbles into a recession - and the latest jobs report suggests this is a very real possibility - the natural instinct is to curb unnecessary spending. Thus, it's no surprise that many discretionary retail stocks, such as Macy's (NYSE:M) and JC Penney (NYSE:JCP) have suffered volatility.That said, this segment isn't about people making superfluous purchases on a whim. Instead, many retail stocks to buy enjoy secular revenue streams. For instance, no matter what goes on in the economy, people have to live and work. Therefore, retailers who specialize in core products, accessories or apparel may see a spike in interest.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, some retail stocks might thrive in a recession. During a bull market, confident consumers will probably eschew discount stores for something higher brow. But in a recession, discount stores might see customers that they normally wouldn't see. * 7 Stocks to Buy In a Flat Market If we do have a downturn, it's important not to lump all retail stocks together. Here are seven stocks to buy if we encounter choppy waters. Dollar Tree (DLTR)Source: Shutterstock Among discount retail stocks to buy, Dollar Tree (NASDAQ:DLTR) is one of the most well-known. From household goods to cleaning products to various food items, everything you see costs a buck. Not only that, DLTR stock has a proven track record for performing brilliantly during distressed economic times.For example, since 2008, the market value for DLTR stock has increased roughly tenfold. Additionally, we could see even bigger gains if we suffer another downturn. Recently, Dollar Tree upgraded its guidance for full-year earnings per share from a range between $4.77 to $5.07 to between $4.90 to $5.11. Management also narrowed down its expectations for full-year revenue.Much of this enthusiasm has to do with same-store sales exceeding analysts' forecasts. While I'd tactically like to wait to see if DLTR stock will correct some of its extreme bullishness, in the longer run, I'm confident in the upswing. This is a company that's going to give customers exactly what they need at a price they can afford. Dollar General (DG)Source: Jonathan Weiss / Shutterstock.com While several publicly traded companies suffered a bloody month of August, Dollar General (NYES:DG) went completely against the grain. Last month, DG stock gained a little over 18%. Even in September, Dollar General has so far returned nearly 4%.And on a year-to-date basis, DG stock has veritably skyrocketed, up over 51%. Even better for stakeholders, the surge in market value appears fundamentally justified.As with Dollar Tree, Dollar General increased its earnings and revenue expectations for the year. Also, the discount retailer experienced an unexpectedly strong lift in same-store sales. That it was also able to beat expectations for its most recent earnings report gave investors little choice: it was time to buy into DG shares, which has proven to be among the most resilient of discount retail stocks. * 10 Battered Tech Stocks to Buy Now Of course, with such massive enthusiasm, I think waiting a little bit for a discount (ironically enough) on DG stock is wise. But if you do see a dip, the longer-term narrative is very intriguing, especially in a recession. Kroger (KR)Source: Jonathan Weiss / Shutterstock.com Normally, most folks wouldn't consider Kroger (NYSE:KR) as a name among discount retail stocks to buy. As one of the top grocers in the country, Kroger offers a wide variety of products, including premium labels. Plus, I can't help but notice that some of their stores are located in very swanky neighborhoods.That said, if we fall into an economic slump, KR stock will act like a discount retailer. Primarily, I say this because Kroger will almost surely soak up demand from the restaurant industry. While restaurants won't fade entirely, customers become more cost-conscious in a downturn. There's no point in spending on sometimes outrageous premiums when you can enjoy good food from home. Undeniably, this is a positive for KR stock.Further, Kroger has its own in-house food and beverages brands. Sure, you can call this high-level knockoffs. But I must admit that Kroger-branded products are very tasty. For instance, I buy their potato chips, which are cheaper, larger sized, and taste just as good as the competition. In a recession, that is the formula for success, which is why you should consider KR stock. Five Below (FIVE)Source: Jonathan Weiss / Shutterstock.com Although the concept of discount retail stocks to buy during a market decline makes sense, I must concede one thing: at the consumer level, most discount retailers are depressing affairs. However, Five Below (NASDAQ:FIVE) has completely changed perceptions about thrift shops. With its bright, bold colors and compelling marketing campaigns, FIVE stock has serious potential.Part of that comes from its core demographics. According to the company's website, Five Below is the only retailer dedicated to teens and tweens. Of course, that usually entails opening up their parents' wallets. Typically, this endeavor results in the usual teen-parent conflict. But with prices so low - everything is between $1 to $5 - this is a rare area of consensus, supporting the case for FIVE stock. * 10 Stocks to Sell in Market-Cursed September Furthermore, I'm very impressed with the company's holistic approach to their marketing and branding message. Not only do they have comprehensive social media coverage, but they're actively engaging their accounts. For instance, their YouTube channel features celebrity guests that incorporate Five Below-sold products into the media presentations. That kind of smart thinking will probably see FIVE stock perform well in rough economic waters. Ross Stores (ROST)Source: Andriy Blokhin / Shutterstock.com At first glance, Ross Stores (NASDAQ:ROST) seems like an anomaly among the apparel-based retail stocks. Just take a look at well-known apparel makers, such as Gap (NYSE:GPS) or Guess (NYSE:GES). Their shares have incurred significant volatility, marked by bouts of extreme wildness. In sharp contrast, ROST stock has enjoyed a relatively stable move northward.But in the context of the current economic uncertainty, I'm not surprised that ROST stock has performed well this year. Even with the U.S.-China trade war threatening to hike apparel prices, the reality is that people need clothes. And while Ross will certainly take a hit to their margins, other non-discount retailers will suffer worse.With that said, I think you can make a tactical argument not to dive too deeply right now. Currently, ROST stock is sitting on over 35% YTD. If the broader markets get jittery, ROST is liable for a correction. Still, in the long run, I'd pay very close attention to this name if economic conditions don't improve. Ollie's Bargain Outlet (OLLI)Source: Shutterstock A few years back when I started writing about Ollie's Bargain Outlet (NASDAQ:OLLI), it was on a roll. Growth was meteoric, which drove up the market value of OLLI stock. When you consider that shares were priced under $20 for much of 2015, this is one of the most explosive retail stocks.But in recent weeks, explosive has a different connotation. Now, investors are no longer considering Ollie's as one of the stocks to buy, but instead to dump. Late last month, the company released its Q2 earnings report, and the news wasn't encouraging.Although the discount retailer reported double-digit sales growth, it witnessed a deceleration of same-store sales. Management blamed it on new store introductions' cannibalization effect. However, Wall Street saw the decline as Ollie's inability to perform under a strained environment. As a result, investors pummeled OLLI stock. * 7 Worst Stocks That Flopped This Earnings Season Possibly heading into a recession, I understand why investors are nervous. However, let's keep in mind that the retailer is called Ollie's Bargain Outlet, not Olivier's Chateau of Overpriced European Trinkets. If we have a downturn, OLLI stock has the potential to outperform. And sure enough, it's now on a steep discount. Big Lots (BIG)Source: Jonathan Weiss / Shutterstock.com Big-box retailer Big Lots (NYSE:BIG) probably hasn't been included in a list of retail stocks to buy for some time. Frankly, that's for good reason. In January of last year, the markets priced BIG stock into the stratosphere at over $60. Today, shares are trading hands for less than $25.Unfortunately, Big Lots consistently delivered poor earnings results throughout 2018. Not only that, management cut guidance, which exacerbated the issue. Throw in an executive shuffle with a new CEO, and the retailer looked more frazzled than confident about tackling a new challenge. As a result, BIG stock took it on the chin.As it stands, BIG stock is easily one of the most speculative retail stocks available. However, I can't help but feel a recession could actually help turn things around. Big Lots has many of the same characteristics of popular Costco (NASDAQ:COST). The one exception, of course, is that Big Lots has no membership dues, and their rewards program is also free.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 7 Discount Retail Stocks to Buy for a Recession appeared first on InvestorPlace.
Today we'll look at Dollar General Corporation (NYSE:DG) and reflect on its potential as an investment. In particular...
The US has a consumer driven economy and taking a broad view, the consumers are happy. Per the Labor Department August jobs report, unemployment, at 3.7%, remains at 50-year low levels, wages are up 3.2% year-over-year, and overall GDP growth, at 2%, continues to outpace the estimates. Earlier US Commerce Department data showed an acceleration in consumer spending for July. In this environment, it makes sense to look for investment opportunities in the companies catering to consumer desires. We’ve used TipRanks’ Trending Stocks tool to find three such openings for investors. We set the filters on the Trending Stocks tool to show us only companies in the Consumer Goods category. These retailers offer a wide variety of products on the open market: from high-end electronics to athletic apparel to discount home goods. We selected three stocks that hold Buy ratings from the consensus, have shown sustained growth so far this year, and boast recent gains in double digits. Wall Street’s top analysts have taken notice of them, as should we. Apple, Inc. (AAPL)Yesterday, CEO Tim Cook hosted his company’s new product release event, and his presentation shows that Apple (AAPL – Get Report) is fully committed to pushing its Services division for higher revenues. The company announced that its new Arcade game subscription service will be priced at just $4.99 per month and will include a free one-month trial. Apple TV, soon to launch as a competitor to Netflix (NFLX – Get Report) in the streaming space, will be priced at just $5.99, raising the possibility that Apple intends to ignite a price war among content streamers. And finally, Cook announced that the TV streaming service will be offered free for one year with new purchases of Apple hardware – a clear move toward monetizing the company’s 900 million strong installed user base.On the hardware front, the new iPhone 11 models include faster processors, updated cameras, and lower pricing. Taken with the Services push, the conclusion is that Apple is serious about shifting its marketing strategies to maintain high profits as iPhone sales decline.Since AAPL’s steep losses in last year’s second-half downturn, Apple has faced and beaten a number of headwinds. Falling sales in China, the ongoing US-China tariff disputes, and the lengthening smartphone replacement cycles have taken their toll on the company’s sales and revenues. To fight the difficult market environment, Apple has relied on a shift in strategy backed by over $200 billion in cash on hand. Deep pockets and smart management have given confidence to investors.The confidence can be seen in share appreciation. Apple is up 41.7% year to date, 16.6% in the last 3 months, and 12.5% in the last 30 days. AAPL shares are currently trading just $4 below its all-time high value (adjusting for the 7:1 split in June 2014). Optimism in the company can also be seen in the analyst coverage.Michael Walkley, of Canaccord Genuity, set the tone with this simple statement: “The Apple launch event met expectations as the company unveiled attractively priced products to drive its installed base growth.” His $240 price target suggests a 7.3% upside potential.Needham’s Laura Martin went into greater detail, writing, “The company is continuing its transition to becoming an integrated content owner with captive hardware by driving more revenue per member and extending the life-span in its iOS ecosystem. The event also helped underscore Apple's efforts in creating an on-ramp into that ecosystem. Apple's broader range of iPhone prices, monthly payment plans, value in bundling Arcade and Apple TV offerings, as well as creating a content "price war" by pricing AppleTV+ at just $5 per month will put pressure on the competition.” Her price target of $250 indicates a potential 11.8% upside.It’s important to note that Apple’s price surge, both before and after the launch event, has pushed the stock’s trading value above its average price target of $224. Since September 7, AAPL has gained 5.7% in price. The stock has a Moderate Buy from the analyst consensus, based on 32 ratings including 17 buys, 13 holds, and 2 sells. Lululemon Athletica, Inc. (LULU)The popular athletic wear manufacturer Lululemon (LULU – Get Report) has become a hot seller, boosted by smart social media marketing and a solid online presence. Its success is underlined by its Q2 earnings report, in which the company reported 96 cents EPS, beating the 89-cent forecast by 7.8%. Revenues were up by 4.6%, at $883.35 million. It was the fourth quarter in a row that LULU had beaten EPS and revenue estimates.Lululemon’s strong sales performance, maintained over time, matches its share price gains. LULU is up 11% in the last 30 days, capping a 61.5% year-to-date gain. Fast growth has been powered by moves into new categories, including men’s wear. The company’s men’s line gained 35% in the quarter.Writing from Oppenheimer, analyst Brain Nagle said, “Better sales combined with further expansion in gross margins and tighter expense controls helped to fuel meaningful upside to earnings per share. By all measures, we view fundamental momentum at Lululemon as solidly intact.” Nagle’s price target of $225 suggests additional upside of 14% for the stock.Also bullish on LULU is Michael Binetti, of Credit Suisse. He raised his price target by 18%, to $235, and wrote, “We are significantly impressed that Lululemon accelerated comps in an increasingly volatile macro environment and feel implied Q4 revenue guidance will prove very conservative.” Binetti’s new price target implies a 19% upside for LULU.LULU’s analyst consensus is a Moderate Buy, derived from 17 buys and 9 holds set in the last three months. The $205 average price target suggests a 3.3% upside from the current share price of $198. Dollar General Corporation (DG)The increased tariff tensions between the US and China are making life hard for retailers, but Dollar General (DG – Get Report) has shown that even heavily impacted retailers can cope. The company is a highly profitable discount retailer with a strong presence in rural areas. It sees over $25 billion in annual revenues.Like Lululemon, Dollar General is gaining on a strong second quarter. The company’s Q2 earnings, released on August 29, showed a 10% EPS beat and an 8.4% year-over-year revenue gain. The final numbers were $1.74 in EPS, based on $6.98 billion in revenues. DG shares gained over 10% immediately after the earnings report, fitting for the fourth quarter in a row of above-forecast revenues.The post-earnings gains put DG’s 30-day gain at 16.5%. The company’s year-to-date gain is 44.3%. Momentum is clearly on Dollar General’s side going into the fall. Investors and analysts are clearly confident in the company’s ability to continue performing.Barclay’s Karen Short showed her upbeat view by raising her price target on DG to from $141 to $180. She wrote, “The company beat a high Q2 bar with a strong beat and raise, underscoring its industry leading execution and positioning in the dollar space.” Her new price target implies an upside potential of 15.3%.From KeyBanc, Bradley Thomas also set a $180 price target. His comments on the stock are detailed and upbeat: “DG remains one of our top picks, positioning investors for growth and defensiveness. 2Q EPS was ahead of expectations, driven by better-than-expected sales, gross margin, and expense leverage. Management raised 2019 guidance, even considering elevated tariffs. We remain positive on the near-term and long-term opportunity ahead for DG, supported by generally consistent execution, numerous initiatives to drive growth, and management’s long-term focus.”Overall, DG holds a Strong Buy from the analyst consensus, based on 15 recent buys and 3 holds. Shares are selling for $157 and the average price target of $168 suggests room for 7.1% upside.Visit the Trending Stocks tool now, and see what else the Street’s top analysts are talking about.This author is long on AAPL.
Dollar Tree's (DLTR) initiatives like restructuring, expansion and store-optimization efforts place it well for long-term growth. The Dollar Tree Plus! test should bolster its growth in the future.
Ross Stores (ROST) gains from the proven off-price model, merchandising efforts and store expansion plans. But softness in the Ladies category, and tariff-related and other costs are headwinds.
PriceSmart's (PSMT) strategy to sell limited products at low prices helped it generate member loyalty. Comps increase for third straight month.
Target (TGT) will launch a new loyalty program namely Target Circle on Oct 6. This move bodes well for the upcoming holiday season as customers can avail a more convenient and customized shopping experience.
Casey's (CASY) first-quarter results benefit from gross margin expansion, cost containment efforts, store growth and fuel price optimization initiative.
Goodlettsville-based Dollar General Corp. continues to grow its already massive national footprint. The retailer announced today that it is building new stores in Washington and Wyoming, which will grow its presence to 46 states.
Dollar General (DG) is excited to announce it is currently under construction on new stores in Washington and Wyoming. “We look forward to expanding our footprint into Washington and Wyoming and the opportunity to serve new customers with value and convenience through our mission of Serving Others,” said Dan Nieser, Dollar General’s senior vice president of real estate and store development.
Investors are celebrating the S&P; 500 closing over its 50-day moving average. But for some winning stocks, that's a barrier they dusted long ago.
In spite of a tough retail landscape, Dollar General (DG) has been thriving, when many other traditional operators are finding it difficult to cope.
As second-quarter earnings season winds down, the retail sector continues to split into winners and losers—and not always where you would expect. Two, we believe it has healthy comp momentum—3%-4%—with which to leverage most operating costs.