Piper Sandler Maintains Overweight Rating for Dollar Gen: Here's What You Need To Know

Piper Sandler has decided to maintain its Overweight rating of Dollar Gen DG and raise its price target from $273.00 to $288.00.

Shares of Dollar Gen are trading down 0.8% over the last 24 hours, at $242.58 per share.

A move to $288.00 would account for a 18.72% increase from the current share price.

About Dollar Gen

A leading American discount retailer, Dollar General operates over 18,000 stores in 47 states, selling branded and private-label products across a wide variety of categories. In fiscal 2021, 77% of net sales came from consumables (including paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items), 12% from seasonal merchandise (such as toys, greeting cards, decorations, and gardening supplies), 7% from home products (for example, kitchen supplies, small appliances, and cookware), and 4% from basic apparel. Stores average roughly 7,400 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.