10 Oversold Value Stocks To Buy Right Now

3. Dollar General Corporation (NYSE:DG)

Year-to-Date Decline: 47.36%

Forward PE: 11.38

Number of Hedge Fund Holders: 45

Dollar General Corporation (NYSE:DG) is an American chain of discount stores. Since its founding in 1939, the firm has delivered affordability on food, beauty, health, home, and office essentials, as well as seasonal items from the most trusted brands in America along with Dollar General’s high-quality private brands.

Dollar General Corporation has long served as America’s neighborhood general store now penetrating more customers in more communities than ever before. The firm boasts an extensive footprint encompassing the company’s 20,345 Dollar General, DG Market, DGX, and pOpshelf stores across the United States and Mi Súper Dollar General stores in Mexico, as of August. Since the retail market can be challenging, the firm tends to navigate efficiently through difficult macroeconomic conditions by offering a unique combination of value and convenience as in the preceding year 2023.

During its fiscal 2024 second quarter ended August 2, the net sales of Dollar General Corporation (NYSE:DG) increased 4.2% to $10.2 billion while Same-Store Sales increased 0.5%. The CEO was not satisfied with the financial results with the top line below expectations. Softer sales were partly attributed to a financially constrained consumer base. However, the firm is focusing on improving what it can control, the in-store experience and its value and convenience offering.

Therefore, Dollar General Corporation (NYSE:DG) has earned itself an attractive spot as America’s neighborhood general store spanning the national footprint and being the low-cost operator. As of Q3, the stock is held by 45 hedge funds.