Oppenheimer Maintains Outperform Rating for Dollar Gen: Here's What You Need To Know

Oppenheimer has decided to maintain its Outperform rating of Dollar Gen DG and lower its price target from $200.00 to $195.00.

Shares of Dollar Gen are trading down 0.56% over the last 24 hours, at $155.69 per share.

A move to $195.00 would account for a 25.25% increase from the current share price.

About Dollar Gen

A leading American discount retailer, Dollar General operates over 19,000 stores in 47 states, selling branded and private-label products across a wide variety of categories. In fiscal 2022, 80% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 11% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 6% from home products (for example, kitchen supplies, small appliances, and cookware), and 3% from apparel. Stores average roughly 7,500 square feet, and about 75% of Dollar General locations are in towns of 20,000 or fewer people. The firm emphasizes value, with most of its items sold at everyday low prices of $5 or less.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.