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Analysts Offer Insights on Consumer Goods Companies: Costco (COST), Dollar General (DG) and Macy’s (M)

There’s a lot to be optimistic about in the Consumer Goods sector as 3 analysts just weighed in on Costco (COSTResearch Report), Dollar General (DGResearch Report) and Macy’s (MResearch Report) with bullish sentiments.

Costco (COST)

In a report released yesterday, Greg Melich from Evercore ISI maintained a Buy rating on Costco, with a price target of $540.00. The company’s shares closed last Friday at $470.76.

According to TipRanks.com, Melich is a 1-star analyst with an average return of -1.4% and a 40.2% success rate. Melich covers the Consumer Goods sector, focusing on stocks such as Academy Sports and Outdoors, Floor & Decor Holdings, and Advance Auto Parts.

Costco has an analyst consensus of Strong Buy, with a price target consensus of $583.95, implying a 27.8% upside from current levels. In a report released yesterday, Truist Financial also maintained a Buy rating on the stock with a $543.00 price target.

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Dollar General (DG)

In a report released yesterday, Michael Montani from Evercore ISI maintained a Buy rating on Dollar General, with a price target of $250.00. The company’s shares closed last Friday at $228.38.

According to TipRanks.com, Montani is a 3-star analyst with an average return of 6.5% and a 56.5% success rate. Montani covers the Consumer Goods sector, focusing on stocks such as Albertsons Companies, Kroger Company, and Dollar Tree.

Dollar General has an analyst consensus of Strong Buy, with a price target consensus of $251.21, representing an 12.0% upside. In a report issued on May 20, Loop Capital Markets also reiterated a Buy rating on the stock.

Macy’s (M)

Evercore ISI analyst Omar Saad maintained a Buy rating on Macy’s yesterday and set a price target of $35.00. The company’s shares closed last Friday at $23.44.

According to TipRanks.com, Saad is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.2% and a 33.8% success rate. Saad covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Victoria’s Secret, and Burlington Stores.

Currently, the analyst consensus on Macy’s is a Hold with an average price target of $26.40, representing a 16.0% upside. In a report issued on May 26, Cowen & Co. also maintained a Buy rating on the stock with a $30.00 price target.

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