Dollarama Inc. (TSE:DOL) Receives Consensus Rating of “Moderate Buy” from Analysts

Dollarama Inc. (TSE:DOL) has earned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$216.00.

DOL has been the subject of several recent analyst reports. Canaccord Genuity Group upped their target price on shares of Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th. Scotiabank lifted their price target on shares of Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. Stifel Nicolaus boosted their price target on shares of Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th. Wells Fargo & Company lowered their price objective on shares of Dollarama from C$195.00 to C$185.00 in a research report on Wednesday, March 25th. Finally, National Bank Financial raised their price objective on Dollarama from C$203.00 to C$209.00 in a research note on Friday, June 12th.

Dollarama Price Performance

Dollarama stock opened at C$187.62 on Thursday. The firm has a market capitalization of C$50.80 billion, a P/E ratio of 38.60, a PEG ratio of 1.93 and a beta of 0.37. Dollarama has a 1 year low of C$166.00 and a 1 year high of C$209.96. The business has a 50-day moving average of C$178.79 and a 200-day moving average of C$186.75. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 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. On average, equities analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, August 7th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s dividend payout ratio (DPR) is currently 9.00%.

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.