Dollar General Corp DG witnessed volatile trading trends with its stock price rising over 5% on some days only to plunge as much as 30% on others. The company saw a significant decline in earnings over three years which has contributed to a 64% loss for shareholders. The firm is however intensifying efforts to stretch customer budgets and is expanding its private brand empire, Clover Valley, expected to introduce 100 new products after hitting $2.3B in sales.
Wall Street analysts seem polarized on DG's prospects - while some consider it undervalued and a bargain, others have lowered their price targets significantly. Morgan Stanley and Goldman Sachs have both cut their target price for DG, with the latter bringing it down to $93. Amidst all this, DG is making bold moves like offering same-day delivery, aimed at boosting its sales. However, the company attributed its drops in stock prices to customers not having enough money to shop there.
Despite having 88-89% institutional ownership, DG's stock continues to underperform in comparison to competitors, which some experts consider an opportunity to ‘buy-the-dip’. Critics like Jim Cramer however, have identified it as a struggling retailer dealing with significant corporate challenges.
Dollar General Corp DG News Analytics from Sat, 10 Aug 2024 07:00:00 GMT to Fri, 24 Jan 2025 16:25:27 GMT - Rating -8 - Innovation -6 - Information 2 - Rumor -2
