Dollarama (OTCMKTS:DLMAF) Stock Rating Upgraded by Canadian Imperial Bank of Commerce

Dollarama (OTCMKTS:DLMAF) was upgraded by research analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

DLMAF has been the topic of several other research reports. Royal Bank Of Canada raised shares of Dollarama to a “moderate buy” rating in a research note on Monday, March 16th. Zacks Research upgraded shares of Dollarama to a “hold” rating in a report on Monday, March 16th. National Bank Financial reissued an “outperform” rating on shares of Dollarama in a research report on Thursday, December 4th. TD Securities reissued a “buy” rating on shares of Dollarama in a report on Friday, December 12th. Finally, Scotiabank restated an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Dollarama currently has a consensus rating of “Buy”.

Dollarama Trading Up 1.1%

OTCMKTS:DLMAF opened at $124.20 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.23 and a debt-to-equity ratio of 3.55. Dollarama has a 1-year low of $103.70 and a 1-year high of $160.86. The firm has a market capitalization of $33.90 billion and a price-to-earnings ratio of 147.86. The business’s 50-day moving average price is $140.45 and its two-hundred day moving average price is $138.93.

Dollarama (OTCMKTS:DLMAF) last posted its earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.03. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.52 billion. Dollarama had a return on equity of 96.58% and a net margin of 18.05%.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.