Analysts remain mostly bullish on Dollar General. Of 30 brokerages covering the off-price retailer, 20 have rated the stock a Buy or Strong Buy, and 9 more rated the shares a Hold. At a current price of around $201.00, the upside potential based on a median price target of $242.00 is 20.4%. At the high price target of $285.00, the upside potential is 41.8%.
First-quarter revenue is forecast at $9.46 billion, down 7.2% sequentially and up 8.1% year over year. Adjusted earnings per share (EPS) are forecast at $2.39, down 19.3% sequentially and down 0.8% year over year. For the full 2023 fiscal year ending in January, Dollar General is currently expected to report EPS of $11.23, up 5.2%, on sales of $40.01 billion, up 5.7%.
The company’s shares traded at 17.9 times expected 2024 EPS, 16 times estimated 2025 earnings of $12.54, and 14.4 times estimated 2026 earnings of $13.92 per share. The stock’s 52-week range is $200.14 to $262.59. The low was posted early Tuesday morning. Dollar General pays an annual dividend of $2.36 (yield of 1.15%). Total shareholder return for the past year was negative 11.06%.
Macy’s
Shares of Macy’s Inc. (NYSE: M) have tumbled by more than 38% over the past 12 months. Since reaching a 52-week high in early February, the share price has declined by more than 44% to a new 52-week low posted early Tuesday morning. Shares got a boost when Macy’s reported better-than-expected holiday quarter results and offered up a strong outlook for the new fiscal year. Investors, however, do not appear to think the rosy outlook is going to be met. The company’s dividend yield also could be threatened by a miss.
Just five of 16 analysts rate Macy’s stock as a Buy or a Strong Buy. Another nine have Hold ratings. At a share price of around $14.00, the upside potential based on a median price target of $25.00 is about 78.6%. Based on a high price target of $29.00, the potential upside on the shares is 107%.
Analysts anticipate fiscal first-quarter revenue of $5.06 billion, down 38.7% sequentially and by 5.4% year over year. Adjusted EPS are tabbed at $0.46, down 75.7% sequentially and by 57.4% year over year. For the 2024 fiscal year ending in January, analysts are looking for EPS of $3.71, down 17.1%, on sales of $24.01 billion, down about 1.8%.
Macy’s stock trades at 3.8 times expected 2024 EPS, 3.8 times estimated 2025 earnings of $3.72 and 4.0 times estimated 2026 earnings of $3.56 per share. It 52-week range is $13.97 to $25.12. The company pays an annual dividend of $0.66 (yield of 4.61%). Total shareholder return for the past year was negative 37.95%.
Originally published at 24/7 Wall St.
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