Bank of America Securities analyst Robert Ohmes reiterated a Buy rating on Dollar General yesterday and set a price target of $135.00.
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Robert Ohmes has given his Buy rating due to a combination of factors that highlight Dollar General’s strong financial performance and strategic initiatives. The company reported second-quarter earnings per share that exceeded both Bank of America’s and the market’s expectations, alongside higher comparable sales and gross margins. These results were driven by increased customer traffic and improved inventory management, which contributed to a significant reduction in shrinkage and damages.
Additionally, Dollar General has raised its guidance for fiscal 2026, indicating confidence in continued growth. The company’s strategic initiatives, such as store remodels and the expansion of digital and delivery services, are expected to further enhance its market position. The Back to Basics initiatives are also showing positive results, supporting gross margin expansion and top-line momentum. These factors, combined with the potential for increased consumer demand for value offerings, underpin Ohmes’s optimistic outlook and Buy rating for Dollar General.
According to TipRanks, Ohmes is a 5-star analyst with an average return of 8.6% and a 60.13% success rate. Ohmes covers the Consumer Defensive sector, focusing on stocks such as Walmart, Costco, and Dollar General.
In another report released today, Barclays also maintained a Buy rating on the stock with a $127.00 price target.