Dollarama (DOL) Given New C$43.00 Price Target at Desjardins

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Dollarama (TSE:DOL) had its price objective lowered by Desjardins from C$45.00 to C$43.00 in a report released on Friday morning. Desjardins also issued estimates for Dollarama’s Q4 2019 earnings at $0.55 EPS and FY2019 earnings at $1.69 EPS.

A number of other research firms have also commented on DOL. TD Securities lowered Dollarama from a buy rating to a hold rating and decreased their price objective for the company from C$59.00 to C$49.00 in a research note on Friday, September 14th. Raymond James reissued an outperform rating and issued a C$50.00 price target on shares of Dollarama in a research note on Thursday, November 1st. Industrial Alliance Securities raised Dollarama from a hold rating to a buy rating and set a C$54.50 price target on the stock in a research note on Thursday, September 6th. CIBC decreased their price target on Dollarama from C$46.00 to C$40.00 and set a neutral rating on the stock in a research note on Friday, November 23rd. Finally, Macquarie decreased their price target on Dollarama from C$56.33 to C$49.00 in a research note on Friday, September 14th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$54.21.

Shares of DOL traded down C$0.53 during trading hours on Friday, reaching C$32.80. 1,730,100 shares of the company traded hands, compared to its average volume of 1,096,239. Dollarama has a fifty-two week low of C$31.35 and a fifty-two week high of C$56.67.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, September 13th. The company reported C$0.43 EPS for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.01). The company had revenue of C$868.45 million during the quarter, compared to analyst estimates of C$883.00 million. Equities analysts predict that Dollarama will post 1.92999984701221 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 11th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, January 10th. Dollarama’s payout ratio is 10.06%.

In other Dollarama news, insider Michael Ross purchased 1,400 shares of the firm’s stock in a transaction on Thursday, October 11th. The shares were purchased at an average cost of C$36.98 per share, with a total value of C$51,772.00. Also, insider Geoffrey Peter Robillard sold 20,000 shares of the firm’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of C$39.19, for a total value of C$783,800.00.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of July 29, 2018, it operated 1,178 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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