Bank of America Securities analyst Robert Ohmes has maintained their bullish stance on DG stock, giving a Buy rating on March 13.
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Robert Ohmes has given his Buy rating due to a combination of factors that support both growth and margin expansion at Dollar General. He highlights the company’s updated store format, remodel pipeline, and fresh produce rollout as drivers of higher traffic, larger baskets, and steady comparable-sales gains, alongside strong performance from delivery channels that boost basket size and repeat visits.
He also points to meaningful gross margin upside from shrink reduction, SKU rationalization, and the scaling of the DG Media Network, which should enhance profitability over the next several years. In addition, Ohmes views the long-term operating margin target as achievable and sees further support from experienced incoming leadership, all of which underpin his $175 price objective and Buy recommendation.
According to TipRanks, Ohmes is a 5-star analyst with an average return of 7.6% and a 56.97% success rate. Ohmes covers the Consumer Defensive sector, focusing on stocks such as Dollar General, Grocery Outlet Holding, and Kroger Company.
In another report released on March 13, Deutsche Bank also maintained a Buy rating on the stock with a $170.00 price target.