National Bank Financial Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target increased by investment analysts at National Bank Financial from C$203.00 to C$209.00 in a research note issued on Friday,BayStreet.CA reports. National Bank Financial’s price target points to a potential upside of 8.87% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce lifted their price objective on shares of Dollarama from C$202.00 to C$228.00 in a report on Friday. BMO Capital Markets raised their target price on shares of Dollarama from C$210.00 to C$221.00 in a research report on Friday. Jefferies Financial Group raised their target price on shares of Dollarama from C$200.00 to C$230.00 in a research report on Friday. TD Securities cut their target price on shares of Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, Royal Bank Of Canada set a C$223.00 price target on shares of Dollarama and gave the company an “outperform” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$216.00.

Dollarama Trading Down 1.9%

Shares of DOL traded down C$3.78 during midday trading on Friday, hitting C$191.98. The stock had a trading volume of 429,075 shares, compared to its average volume of 715,527. Dollarama has a 1 year low of C$166.00 and a 1 year high of C$209.96. The stock’s 50 day moving average is C$174.77 and its 200 day moving average is C$187.83. The firm has a market cap of C$52.26 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The company had revenue of C$1.85 billion during the quarter. As a group, analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

More Dollarama News

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.