Barclays Maintains an 'Overweight' on Dollar General (DG); 3Q11 Earnings Preview

Barclays maintains an 'Overweight' on Dollar General (NYSE: DG) price target of $44.00.

Barclays analyst says, "We are forecasting 3Q EPS of $0.47, in line with consensus. Our EPS forecast is based on total sales of $3.54 billion, up 9.9%, with comps of 4.5%. We expect the gross margin to decline by 10 bp and SG&A dollars to grow by 8.7%, less than total sales growth."

"On the conference call we hope to get an update on recent sales trends, any noticeable changes in consumer behavior, the company's plans to deal with cost inflation, results of its new discretionary offerings, the drivers of gross margin and expense control, and real estate activities."

For an analyst ratings summary and ratings history on Dollar General click here. For more ratings news on Dollar General click here.

Shares of Dollar General closed at $39.93 yesterday.

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