Dollarama (TSE:DOL) Price Target Raised to C$138.00 at CIBC

Dollarama (TSE:DOL) had its target price boosted by stock analysts at CIBC from C$128.00 to C$138.00 in a report released on Thursday, BayStreet.CA reports. CIBC’s target price indicates a potential upside of 1.97% from the stock’s current price.

DOL has been the subject of several other reports. Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. National Bankshares boosted their price target on shares of Dollarama from C$141.00 to C$143.00 in a research report on Thursday. TD Securities boosted their price target on shares of Dollarama from C$126.00 to C$150.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada increased their price objective on shares of Dollarama from C$138.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, BMO Capital Markets increased their target price on shares of Dollarama from C$133.00 to C$138.00 in a report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$139.18.

Dollarama Stock Down 0.1 %

Shares of DOL traded down C$0.20 during mid-day trading on Thursday, reaching C$135.33. The company had a trading volume of 303,052 shares, compared to its average volume of 556,454. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09. The firm has a 50-day moving average price of C$130.90 and a 200 day moving average price of C$120.75. Dollarama has a 52 week low of C$89.76 and a 52 week high of C$137.72. The company has a market capitalization of C$38.40 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.02. Dollarama had a net margin of 17.50% and a return on equity of 324.09%. The business had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. On average, sell-side analysts forecast that Dollarama will post 4.4967696 EPS for the current year.

Insiders Place Their Bets

In other Dollarama news, Senior Officer Johanne Choinière sold 2,811 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. In other news, Senior Officer Johanne Choinière sold 2,811 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. Also, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$123.51, for a total value of C$4,853,821.17. Insiders have sold 66,465 shares of company stock worth $8,220,415 in the last ninety days. 2.23% of the stock is currently owned by insiders.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.