#1 - Dollar General (NYSE:DG)
The first company on the list is one with the most aggressive store opening plans. Dollar General (NYSE:DG) plans to open 1,035 new stores in 2021. In fact, according to data released by Coresight Research, one in every three new stores to open in 2021 will be a Dollar General store.
Dollar General caters to small towns that are not serviced by big-box retailers. This gives it the ability to capture a wide demographic base.
Central to Dollar General’s plans is an expansion of its Popshelf brand which targets a higher-income consumer. The company plans to build these as stand-alone stores as well as store-in-store remodels. Dollar General is also expanding its selection of frozen meats and produce to provide options for health-conscious consumers.
In the trailing twelve months, DG stock is up 11.6%. It is down 3% in 2021 and it’s fair to wonder why. Some of it may be skepticism that the company can repeat its strong growth numbers. Another reason may be reports that a new CEO may take charge in the near future. Both of those concerns look to be overblown and the stock has been making a nice rally since March.
About Dollar General
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.
Read More - Current Price
- $74.93
- Consensus Rating
- Hold
- Ratings Breakdown
- 8 Buy Ratings, 13 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $104.00 (38.8% Upside)
