Dollar General stock holds steady as Telsey reiterates Market Perform rating

Investing.com - Dollar General (NYSE:DG), a prominent player in the Consumer Staples Distribution & Retail industry with a market cap of $25.3 billion, maintained its Market Perform rating from Telsey Advisory Group, with the firm reiterating its $120.00 price target on Thursday. According to InvestingPro data, the stock has shown remarkable strength with a 51.5% price return over the past six months.

Telsey analyst Joseph Feldman maintained the rating following Dollar General’s announcement of Donny Lau as its new Chief Financial Officer, effective October 20. The appointment was disclosed after market close on Wednesday. The company, which generates annual revenue of $41.1 billion and maintains a healthy current ratio of 1.23, will report its next earnings on August 28.

Lau returns to Dollar General after a nearly three-year absence, filling the position vacated by Kelly Dilts, who departed in August 2025 to join Nordstrom (NYSE:JWN) as CFO. CEO Todd Vasos will serve as the company’s principal financial officer until Lau assumes the role.

Telsey expressed approval of the appointment, citing Lau’s history with Dollar General from 2017 to 2023, where he held leadership positions including SVP of Finance and Chief Strategy Officer. The firm noted his "deep understanding of the culture, strategy, and finance department."

Beyond his Dollar General experience, Lau brings additional financial expertise from his role as CFO of Zaxby’s Franchising LLC and various positions at Yum! Brands (NYSE:YUM), Inc., leading Telsey to expect a quick adjustment and success in his new position.

In other recent news, Dollar General Corporation announced that Donny Lau will take over as executive vice president and chief financial officer effective October 20, 2025. This follows the resignation of current CFO Kelly Dilts, who will leave the company on August 28 to pursue other opportunities. During the interim period, CEO Todd Vasos will assume the role of principal financial officer. Dollar General has also partnered with Uber Technologies (NYSE:UBER) to bring over 14,000 Dollar General and pOpshelf locations to the Uber Eats platform, allowing customers to order items for on-demand or scheduled delivery. On the financial front, Truist Securities raised its price target for Dollar General to $119, maintaining a Hold rating, and noted potential improvements in the company’s earnings guidance based on second-quarter trends. Piper Sandler also increased its price target for the company to $115, citing benefits from Dollar General’s store remodel program and modest store growth. These developments underscore a period of transition and strategic expansion for Dollar General.

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