Dollarama Inc. (TSE:DOL) Stock Has Average Price Target of C$215.12 According to Analysts

Dollarama Inc. (TSE:DOL) has received a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and ten have given a 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$215.12.

Several equities research analysts have recently commented on DOL shares. Canaccord Genuity Group boosted their price target on Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th. National Bank Financial raised their price objective on Dollarama from C$209.00 to C$210.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. UBS Group reduced their price objective on Dollarama from C$202.00 to C$190.00 in a report on Monday, September 14th. TD reduced their price objective on Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Finally, Desjardins decreased their target price on Dollarama from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th.

Dollarama Stock Down 0.4%

Shares of TSE DOL opened at C$183.13 on Friday. The stock has a market capitalization of C$49.15 billion, a price-to-earnings ratio of 36.77, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26. Dollarama has a 52 week low of C$163.25 and a 52 week high of C$209.96. The firm has a 50-day moving average price of C$182.38 and a 200 day moving average price of C$180.41. The company has a quick ratio of 0.08, a current ratio of 1.55 and a debt-to-equity ratio of 399.63.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The company had revenue of C$2.03 billion for the quarter. Equities research analysts anticipate that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, October 9th. Dollarama’s payout ratio is 9.07%.

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.