Wells Fargo Reaffirms Their Buy Rating on Dollar General (DG)

In a report released today, Edward Kelly from Wells Fargo maintained a Buy rating on Dollar General (DGResearch Report). The company’s shares closed yesterday at $116.52, close to its 52-week high of $118.45.

According to TipRanks.com, Kelly is a 4-star analyst with an average return of 6.3% and a 65.4% success rate. Kelly covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Performance Food Group, and United Natural Foods.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dollar General with a $121.44 average price target, which is a 4.2% upside from current levels. In a report issued on January 4, UBS also maintained a Buy rating on the stock with a $125 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 2.71M.

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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