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


In a report released today, Rupesh Parikh from Oppenheimer assigned a Buy rating to Dollar General (DG). The company’s shares closed yesterday at $115.50, close to its 52-week high of $118.45.

According to TipRanks.com, Parikh is a 5-star analyst with an average return of 15.5% and a 61.6% success rate. Parikh covers the Services sector, focusing on stocks such as Blue Apron Holdings Inc, United Natural Foods, and Wal-Mart Stores Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dollar General with a $120.78 average price target, representing a 4.6% upside. In a report issued on December 26, Morgan Stanley also maintained a Buy rating on the stock with a $115 price target.

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The company has a one-year high of $118.45 and a one-year low of $85.54. Currently, Dollar General has an average volume of 2.72M.

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Robert Ravener, the EVP & Chief People Officer of DG sold 32,492 shares for a total of $3,626,757.

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.

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