Is Dollar General Stock a Buy Now?
Dollar General (NYSE: DG) stock was trading lower recently after 's latest earnings report. Walmart reported seeing variability in consumer shopping patterns, which could be a warning sign for retailers heading into the all-important holiday quarter.
With Dollar General shares already trading down 52% year to date, investors are wondering if the stock can bounce back. Dollar General might be headed for a weak earnings report on Dec. 7, but there are reasons to believe the stock is oversold.
Retailers are having a difficult time dealing with weak consumer spending trends amid inflation and higher interest rates that are forcing shoppers to cut back. After reporting positive same-store sales in the fiscal first quarter, Dollar General surprised the market with a decline of 0.1% in same-store sales in fiscal Q2. The declining sales trend isn't good news for the stock.
Source Fool.com
Walmart Inc. Stock
The stock is an absolute favorite of our community with 93 Buy predictions and no Sell predictions.
With a target price of 70 € there is a slightly positive potential of 9.02% for Walmart Inc. compared to the current price of 64.21 €.
