Analysts Set Dollarama Inc. (TSE:DOL) Target Price at C$216.56

Dollarama Inc. (TSE:DOL) has earned an average rating of “Buy” from the twelve brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$216.56.

Several analysts have weighed in on the company. Desjardins raised their price target on Dollarama from C$205.00 to C$215.00 in a report on Friday, June 12th. Canadian Imperial Bank of Commerce boosted their price objective on Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. TD upped their price objective on shares of Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. BMO Capital Markets upped their price objective on shares of Dollarama from C$210.00 to C$221.00 in a research report on Friday, June 12th. Finally, Canaccord Genuity Group raised their target price on shares of Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th.

Dollarama Trading Down 2.7%

Dollarama stock opened at C$168.03 on Tuesday. The stock has a market cap of C$45.50 billion, a P/E ratio of 34.57, a PEG ratio of 1.93 and a beta of 0.26. Dollarama has a fifty-two week low of C$166.00 and a fifty-two week high of C$209.96. The firm’s fifty day moving average price is C$185.22 and its 200-day moving average price is C$182.70. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The company had revenue of C$1.85 billion during the quarter. Equities research analysts forecast that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Dollarama’s dividend payout ratio (DPR) is 9.00%.

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.