Oppenheimer reiterated its Outperform rating on Dollar General stock on Tuesday, maintaining a price target of $150 as investors prepare for the retailer’s second-quarter earnings release scheduled for August 27.
The firm projected Dollar General’s comparable sales would rise by at least 2.5% in the quarter, while its shares trade at 15.5 times Oppenheimer’s fiscal 2027 earnings per share forecast. The stock’s current P/E ratio stands at 17.65, with a PEG ratio of 0.51.
Wolfe Research also kept its Outperform rating on the stock, lifting its same-store sales estimate for the quarter to a 3.0% increase and raising its full-year EPS forecast to more than $7.50. Truist Securities, however, reiterated a Hold rating with a $114 price target.
Dollar General’s second-quarter results will coincide with those of rival Dollar Tree on August 27, as the sector faces scrutiny over consumer spending trends. Barclays separately highlighted the potential impact of rising gas prices on discretionary retail spending, while Wells Fargo noted positive outlooks for Dollar Tree, Five Below, and Dollar General based on same-store sales growth and tariff developments.
The company is also navigating a leadership transition, with a new CEO set to take over in 2027. Oppenheimer expects management to reaffirm fiscal 2026 targets rather than revise them upward, citing higher fuel costs as a key constraint.
