Short Term Price Target on Dollar General Corporation (DG)

Dollar General Corporation (NYSE:DG) : The highest level Dollar General Corporation (NYSE:DG) is projected to reach is $105 for the short term and the lowest estimate is at $90. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $98.13 and the possibility the share price can swing is $4.06.

Shares of Dollar General Corporation rose by 2.53% in the last five trading days and 3.88% for the last 4 weeks. Dollar General Corporation is up 7.96% in the last 3-month period. Year-to-Date the stock performance stands at 31.54%. Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Dollar General Corporation (NYSE:DG). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $98 per share to $107 per share. The rating by the firm was issued on June 6, 2016.

Dollar General Corporation (NYSE:DG) has an average broker rating of 1.31, which is interpreted as a Strong Buy, as rated by 18 equity analysts. Nonetheless, 14 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Dollar General Corporation (NYSE:DG): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $94.08 and $93.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.00, notching a gain of 0.21% for the day. The total traded volume was 3,181,675 . The stock had closed at $93.80 on the previous day.

In an insider trading activity, Elliott Anita C, officer (SVP & Chief Accounting Officer) of Dollar General Corp, unloaded 2,947 shares at an average price of $91.11 on June 3, 2016. The total amount of the transaction was worth $268,501, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Dollar General Corporation is the discount retailer in the United States. The Company offers a selection of merchandise, including consumables, seasonal, home products and apparel. Consumables category includes paper and cleaning products; packaged food; perishables; snacks; health and beauty; pet and tobacco products. Seasonal products include decorations, toys, batteries, small electronics, greeting cards, stationery, prepaid phones and accessories, gardening supplies, hardware, automotive and home office supplies. Home products includes kitchen supplies, cookware, small appliances, light bulbs, storage containers, frames, candles, craft supplies and kitchen, bed and bath soft goods. Apparel includes casual everyday apparel for infants, toddlers, girls, boys, women and men, as well as socks, underwear, disposable diapers, shoes and accessories. Its merchandise includes national brands and private brands selections. It operates approximately 11,879 stores located in over 43 states.

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