MKM Partners Sees Current Trends As Good For Dollar General

In a report published Friday, MKM Partners analyst Patrick McKeever reiterated a Buy rating and $75.00 price target on Dollar General (NYSE: DG).

In the report, MKM Partners noted, “Sales came in a bit light, though it sounds like the third quarter is off to a good start, with back-to-school categories comping up about 4.5% season-to-date and continued improvement in higher-margin home and apparel. Trends also improved sequentially, even as DG cycled its toughest sales comparison of the year, and new merchandising initiatives, including an expanded assortment of $1 items, appear to be resonating.”

Dollar General closed on Thursday at $64.66.