Dollar General (DG) stock plunges on earnings miss, lowered outlook
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BMO Capital Reiterates Market Perform Rating on Dollar General (DG)
August 29, 2024 8:04 AM EDTBMO Capital analyst Kelly Bania reiterated a Market Perform rating and $130.00 price target on Dollar General (NYSE: DG).
The analyst comments "DG's F2Q25 EPS missed and fell to the low-end of management's range, largely on lower comps. Management cut the full-year EPS... More
Dollar General's shares plunge as rising competition fuels forecast cuts
August 29, 2024 6:55 AM EDTBy Anuja Bharat Mistry and Aishwarya Venugopal
(Reuters) -Dollar General's shares slumped 29% to a more-than-six-year low on Thursday after the discount retailer slashed its annual sales and profit forecasts, as competition for budget-conscious shoppers intensifies in the U.S.
Dollar stores have come under pressure as deep-pocketed rivals such as Walmart and Target have doubled down on offering low-priced daily essentials. The rapid rise of Temu, China's PDD Holdings' e-commerce platform, has also weighed on the business.
"(Dollar General's results) show the... More
Dollar General (DG) Misses Q2 EPS by 10c; cuts guidance
August 29, 2024 6:52 AM EDTDollar General (NYSE: DG) reported Q2 EPS of $1.70, $0.10 worse than the analyst estimate of $1.80. Revenue for the quarter came in at $10.21 billion versus the consensus estimate of $10.38 billion.
GUIDANCE:
Dollar General sees FY2025 EPS of $5.50-$6.20, versus the consensus of... More
Dollar General (DG) August weekly option implied volatility into quarter results
August 28, 2024 11:33 AM EDTDollar General (NYSE: DG) August weekly call option implied volatility is at 145, September is at 55; compared to its 52-week range of 23 to 58 into the expected release of quarter results before the bell on August 29.
... MoreGoldman Sachs Shares 2 Idiosyncratic Trade Ideas off NVIDIA (NVDA) Earnings, Buy Calls on Dollar General (DG) and BioMarin Pharma (BMRN)
August 28, 2024 5:20 AM EDTGoldman Sachs Shares 2 Idiosyncratic Trade Ideas off NVIDIA (NASDAQ: NVDA) Earnings, Buy Calls on Dollar General (NYSE: DG) and BioMarin Pharma (NASDAQ: BMRN).
The analyst comments "The moves in macro assets on NVDA earnings demonstrates the importance of the AI theme and NVDA as the most important bellwether in the market. While NVDA options are implying a +/- 10% move following... More
Dollar General (DG) August 30 weekly 125 straddle priced into quarter results
August 28, 2024 5:01 AM EDTDollar General (NYSE: DG) August 30 weekly 125 straddle priced for a move of 9% into the expected release of quarter results before the bell on August 29.
... MoreWells Fargo cuts price targets consumer staples stocks
August 27, 2024 12:41 PM EDTWells Fargo lowered its price targets for consumer staples stocks Dollar General (NYSE: DG) and Dollar Tree (NASDAQ: DLTR) in a note to clients Tuesday, citing growing fundamental concerns despite the possibility of better-than-feared Q2 updates.
The bank lowered the price targets for both stocks to $130 from $145 (Dollar General) and $160 (Dollar Tree). They maintained an Equal Weight rating on DG and an Overweight rating on... More
