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Guggenheim raises Dollar General target, trims Dollar Tree

Yahoo Finance Live’s Brad Smith discusses Guggenheim raising its target on Dollar General while trimming its target on Dollar Tree.

Video Transcript

[AUDIO LOGO]

BRAD SMITH: All right, let's get to Dollar General here with one of the Call of the Days that we're watching from Guggenheim. The firm raised its price target to $270 from $250, saying that dollar stores are well-positioned amid current challenges. Guggenheim also trimmed its target on Dollar Tree after the company cut its guidance here. We were just breaking down Dollar General's earnings just this week. And particularly for Dollar General, a little bit of a different quarter than we saw from Dollar Tree. It's got you rolling your eyes again, Sozz.

BRIAN SOZZI: Yeah, I mean, Dollar Tree, I think I called it yesterday. They got the poop emoji award. I mean, it was a terrible quarter for Dollar Tree. And you look at Dollar General, it's a completely different story. Margins up, same-store sales up, good quarter here. Complicated note out of Guggenheim. But the bottom line is this-- it looks like Dollar General is just better positioned in this environment. And you have Dollar Tree now, on the other hand, starting to take prices down a lot at Family Dollar. That will hurt margins at a time where inflation is still high.

JULIE HYMAN: I need, like, an explainer for your various awards because I know we have the poop emoji award, we definitely have some kind of garbage truck award, I feel like also.

BRIAN SOZZI: They just happen in real-time--

JULIE HYMAN: What are the positive ones? That's what I--

BRIAN SOZZI: They happen in real-time. You know, they come out-- I just pull them out of the sky.

BRAD SMITH: Does anybody get a trophy award?

BRIAN SOZZI: No.

JULIE HYMAN: Yeah, we need some good awards too.

BRIAN SOZZI: Actually, Ulta, Ulta. Ulta. And the trash can award goes to Bob Martin.

BRAD SMITH: Ugh, Bob.

BRIAN SOZZI: Bob Martin.

JULIE HYMAN: Oh, gosh, that's no surprise.

BRIAN SOZZI: You asked me. I mean, you guys asked me.

JULIE HYMAN: That is no surprise.

BRIAN SOZZI: I didn't say it. I mean, you guys asked.