Desjardins Issues Pessimistic Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price objective reduced by Desjardins from C$215.00 to C$210.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would suggest a potential upside of 22.28% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on DOL. Canadian Imperial Bank of Commerce upped their target price on Dollarama from C$202.00 to C$228.00 in a research report on Friday, June 12th. Scotiabank upped their price target on shares of Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. Stifel Nicolaus lifted their price objective on shares of Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Ventum Financial set a C$225.00 target price on shares of Dollarama and gave the stock a “buy” rating in a report on Tuesday, September 8th. Finally, UBS Group cut their target price on shares of Dollarama from C$202.00 to C$190.00 in a research note on Monday. Ten analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and an average price target of C$215.75.

Dollarama Stock Performance

DOL stock traded down C$2.83 on Thursday, reaching C$171.73. The company’s stock had a trading volume of 374,421 shares, compared to its average volume of 705,607. Dollarama has a 52 week low of C$163.25 and a 52 week high of C$209.96. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08. The company has a market capitalization of C$46.50 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26. The firm has a fifty day moving average of C$183.81 and a two-hundred day moving average of C$181.89.

Dollarama (TSE:DOL) last announced its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The firm had revenue of C$2.03 billion for the quarter. As a group, analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

Trending Headlines about Dollarama

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Strong Q2 results: Dollarama reported revenue of C$2.03 billion, up 17.6% year over year, while EPS rose 11% to C$1.29. The performance reflects continued demand from Canadian consumers seeking lower-priced goods. Dollarama: Q2 EPS up 11%
• Positive Sentiment: Raised fiscal 2027 outlook: Management increased its Canadian sales-growth expectations after the better-than-anticipated quarter, supported by traffic, consumables demand and consumers trading down amid inflation and economic uncertainty. Dollarama raises fiscal 2027 guidance after Q2 sales growth
• Positive Sentiment: Defensive retail positioning: Executives said shoppers are making more careful spending decisions, which may continue to benefit Dollarama’s value-focused stores if household budgets remain constrained. Dollarama expects higher sales as inflation-hit shoppers look for discounts

About Dollarama

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.