RBC Capital Gives a Buy Rating to Dollar General

By Ryan Adsit

RBC Capital analyst Scot Ciccarelli reiterated a Buy rating on Dollar General (NYSE: DG) yesterday and set a price target of $81. The company’s shares closed yesterday at $69.12.

According to TipRanks.com, Ciccarelli is a 4-star analyst with an average return of 8.1% and a 61.5% success rate. Ciccarelli covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dick’s Sporting Goods, and Genuine Parts Company.

Dollar General has an analyst consensus of Hold, with a price target consensus of $74.40.

Based on Dollar General’s latest earnings report for the quarter ending January 31, the company posted quarterly revenue of $6.01 billion and quarterly net profit of $414 million. In comparison, last year the company earned revenue of $5.29 billion and had a net profit of $376 million.

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Dollar General Corp. is a discount retailer in the United States. The company offers a selection of merchandise, including consumables, seasonal, home products and apparel. It offers a focused assortment of everyday necessities, which drive frequent customer visits, and key items in a broad range of general merchandise categories. The company’s consumables include paper and cleaning products, such as paper towels, bath tissue, paper dinnerware, trash and storage bags, laundry and other home cleaning supplies; packaged food, such as cereals, canned soups and vegetables, condiments, spices, sugar and flour; perishables, such as milk, eggs, bread, frozen meals, beer and wine; snacks, such as candy, cookies, crackers, salty snacks and carbonated beverages; health and beauty, including over-the-counter medicines and personal care products, such as soap, body wash, shampoo, dental hygiene and foot care products; and pet, including pet supplies and pet food. Dollar General was founded by J. L. Turner and Hurley Calister Turner Sr. in 1939 and is headquartered in Goodlettsville, TN.