Dollarama (OTCMKTS:DLMAF) Shares Up 8.8% – Should You Buy?

Dollarama Inc. (OTCMKTS:DLMAF)’s share price traded up 8.8% during trading on Friday . The stock traded as high as $140.37 and last traded at $140.37. 590 shares were traded during mid-day trading, a decline of 90% from the average session volume of 5,793 shares. The stock had previously closed at $129.01.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dollarama in a report on Friday. Jefferies Financial Group raised Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Wells Fargo & Company raised Dollarama to a “hold” rating in a report on Tuesday, March 24th. Finally, TD Securities raised Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Dollarama Stock Performance

The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 3.17. The stock has a fifty day moving average price of $126.83 and a 200-day moving average price of $136.62. The firm has a market capitalization of $38.04 billion and a price-to-earnings ratio of 75.06.

Dollarama (OTCMKTS:DLMAF) last issued its earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. Dollarama had a return on equity of 94.85% and a net margin of 18.05%.The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, analysts anticipate that Dollarama Inc. will post 3.67 earnings per share for the current fiscal year.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.