Wells Fargo Keeps Their Hold Rating on Dollar General (DG)

Wells Fargo analyst Edward Kelly maintained a Hold rating on Dollar General (DG – Research Report) today and set a price target of $155.00. The company’s shares closed yesterday at $140.31.

Kelly covers the Consumer Defensive sector, focusing on stocks such as Kroger Company, Target, and Walmart. According to TipRanks, Kelly has an average return of 9.2% and a 62.54% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollar General with a $160.61 average price target, a 14.47% upside from current levels. In a report released yesterday, Loop Capital Markets also maintained a Hold rating on the stock with a $150.00 price target.

Based on Dollar General’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $9.86 billion and a net profit of $401.81 million. In comparison, last year the company earned a revenue of $10.2 billion and had a net profit of $659.14 million

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DG in relation to earlier this year.

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 (DG) Company Description:

Based in Tennessee and founded in 1939, Dollar General Corp. is a discount retailer, which provides various merchandise products including consumable items, seasonal items, home products and apparel, in the southern, southwestern, Midwestern, and eastern United States.