Dollarama (TSE:DOL) Price Target Raised to C$230.00 at Jefferies Financial Group

Dollarama (TSE:DOL) had its price objective increased by investment analysts at Jefferies Financial Group from C$200.00 to C$230.00 in a research note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 19.80% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Royal Bank Of Canada set a C$223.00 target price on shares of Dollarama and gave the stock an “outperform” rating in a research report on Thursday, June 4th. BMO Capital Markets boosted their price objective on shares of Dollarama from C$210.00 to C$221.00 in a research report on Friday. Desjardins lifted their target price on shares of Dollarama from C$205.00 to C$215.00 in a research note on Friday. Scotiabank cut their target price on shares of Dollarama from C$220.00 to C$200.00 in a research note on Wednesday, March 25th. Finally, National Bank Financial boosted their price objective on shares of Dollarama from C$198.00 to C$203.00 and gave the stock an “outperform” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$216.00.

Dollarama Price Performance

Shares of Dollarama stock traded down C$3.78 on Friday, hitting C$191.98. 429,075 shares of the company traded hands, compared to its average volume of 715,527. The firm’s 50-day simple moving average is C$174.77 and its 200 day simple moving average is C$187.83. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 370.61. The company has a market cap of C$52.26 billion, a P/E ratio of 40.59, a P/E/G ratio of 1.93 and a beta of 0.37. Dollarama has a 12-month low of C$166.00 and a 12-month high of C$209.96.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$1.85 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. Analysts expect that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Key Headlines Impacting Dollarama

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

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.