Evercore ISI Reaffirms Their Hold Rating on Dollar General (DG)

In a report released yesterday, Michael Montani from Evercore ISI maintained a Hold rating on Dollar General (DG – Research Report), with a price target of $148.00. The company’s shares closed yesterday at $129.47.

Montani covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Casey’s General, and Dollar General. According to TipRanks, Montani has an average return of -0.8% and a 50.00% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollar General with a $149.40 average price target, which is a 15.39% upside from current levels. In a report released on June 28, Loop Capital Markets also maintained a Hold rating on the stock with a $140.00 price target.

Based on Dollar General’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $9.91 billion and a net profit of $363.32 million. In comparison, last year the company earned a revenue of $9.34 billion and had a net profit of $514.38 million

Based on the recent corporate insider activity of 34 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.

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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.