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Oppenheimer Believes Dollar General (DG) Still Has Room to Grow


Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Dollar General (NYSE: DG) today. The company’s shares closed yesterday at $109.53, close to its 52-week high of $112.59.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 16.6% and a 64.4% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

Currently, the analyst consensus on Dollar General is a Strong Buy with an average price target of $117.25, which is a 7.0% upside from current levels. In a report issued on August 31, Raymond James also reiterated a Buy rating on the stock with a $122 price target.

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Dollar General’s market cap is currently $29.08B and has a P/E ratio of 17.01. The company has a Price to Book ratio of 4.56.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Robert Ravener, the EVP & Chief People Officer of DG sold 22,440 shares for a total of $2,501,792.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Dollar General Corp. engages in retailing of merchandise, including consumables, seasonal, home products, and apparel. Its brands include Clorox, Energizer, Procter & Gamble, Hanes, Coca-Cola, Mars, Unilever, Nestle, Kimberly-Clark, Kellogg’s, General Mills, and PepsiCo.