Dollar General Gets a Buy Rating from Oppenheimer

By Jason Carr

Oppenheimer analyst Rupesh Parikh maintained a Buy rating on Dollar General (NYSE: DG) today. The company’s shares closed yesterday at $89.53.

According to, Parikh is a 5-star analyst with an average return of 16.9% and a 62.0% 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 Strong Buy and the average price target is $109.50, representing a 22.3% upside.

In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $101 price target.

Based on Dollar General’s latest earnings report for the quarter ending October 31, the company posted quarterly revenue of $5.9 billion and quarterly net profit of $253 million. In comparison, last year the company earned revenue of $6.01 billion and had a net profit of $414 million.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

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Dollar General Corp. is a discount retailer in the United States. The company offers a selection of merchandise, including consumables, seasonal, home products and apparel. It offers a focused assortment of everyday necessities, which drive frequent customer visits, and key items in a broad range of general merchandise categories.