5 Best Beaten Down Stocks To Buy Now

4. Dollar General Corporation (NYSE:DG)

Number of Hedge Fund Holders: 57

A Buy rating and a $160 price target were maintained on Dollar General Corporation (NYSE:DG) by Kate McShane, an analyst at Goldman Sachs, on September 1.

Dollar General Corporation (NYSE:DG) is a consumer staples company. It provides various merchandise products through its discount retail stores.

There were 57 hedge funds long Dollar General Corporation (NYSE:DG) in the second quarter, with a total stake value of $1.6 billion.

Aristotle Atlantic Partners said the following about Dollar General Corporation (NYSE:DG) in its second-quarter 2023 investor letter:

“We sold our position in Dollar General, following a weaker-than-expected quarterly earnings report and a lowered earnings outlook. The company’s core consumer, while still employed, continues to be impacted by higher inflation. Additionally, we saw the negative impacts of lower-than-expected tax refunds and reductions in the Federal Supplemental Nutrition Assistance Program (SNAP). Dollar General remained committed to spending on customer experience and investing in price to help their customers through the tougher economic environment, as a result, reducing the earnings guidance by a greater amount than the sales reductions.”

Follow Dollar General Corp (NYSE:DG)