Barclays Positive on Dollar General (DG); Strength in the Almight Dollar
Tweet
Share
E-mailGet Alerts DG Hot Sheet
Price: $123.28 +0.98%
Rating Summary:
24 Buy, 23 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 23 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Barclays maintains an 'Overweight' on Dollar General (NYSE: DG) price target of $58.00.
Analyst, Meredith Adler, said, "The bearish view on the dollar stores that developed recently was not supported by DG's 2Q12 results. Same-store sales rose 5.5% after adjusting for about a 40 bp shift of sales from 2Q to 1Q due to the unusually warm weather. Although comps decelerated from the recent trend on a one-year basis, the two-year was in line with the past seven quarters."
Adler says the company's results don't indicate a negative inflection point and despite conservative guidance, DG has several initiatives that should help provide sustainable long-term sales growth. As such, she raises Q3 EPS estimate from $0.60 to $0.61, FY13 from $2.85 to $2.88 and FY13 fom $3.40 to $3.43.
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 $51.06 yesterday.
Analyst, Meredith Adler, said, "The bearish view on the dollar stores that developed recently was not supported by DG's 2Q12 results. Same-store sales rose 5.5% after adjusting for about a 40 bp shift of sales from 2Q to 1Q due to the unusually warm weather. Although comps decelerated from the recent trend on a one-year basis, the two-year was in line with the past seven quarters."
Adler says the company's results don't indicate a negative inflection point and despite conservative guidance, DG has several initiatives that should help provide sustainable long-term sales growth. As such, she raises Q3 EPS estimate from $0.60 to $0.61, FY13 from $2.85 to $2.88 and FY13 fom $3.40 to $3.43.
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 $51.06 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Piper Sandler Reiterates Overweight Rating on Estee Lauder (EL), 'F4Q26 Preview'
- JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
- New Street Research Upgrades Micron Technology (MU) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
