Dollar General Corp (NYSE:DG) reported its fourth-quarter results on Thursday. Here are the key analyst insights:
- Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating, while raising the price target from $130 to $140.
- Guggenheim Securities analyst John Heinbockel reiterated a Buy rating, while cutting the price target from $165 to $160.
- BofA Securities analyst Robert Ohmes maintained a Buy rating and price target of $175.
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Telsey Advisory Group: Dollar General reported adjusted earnings of $1.93 per share. That’s well ahead of the consensus of $1.66 per share. A healthy comp of 4.3% and an operating margin of 5.6% drove the earnings beat. Both figures topped consensus estimates of 3.5% and 5%, respectively.
“Traffic increased 2.6% and average ticket increased 1.7%, with higher average unit retails partly offset by lower units per transaction,” Feldman …