Dollarama (OTCMKTS:DLMAF) Shares Gap Down – Here’s What Happened

Dollarama Inc. (OTCMKTS:DLMAF) gapped down prior to trading on Tuesday . The stock had previously closed at $133.35, but opened at $120.15. Dollarama shares last traded at $120.15, with a volume of 260 shares.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DLMAF shares. Wells Fargo & Company upgraded Dollarama to a “hold” rating in a report on Tuesday, March 24th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, Canaccord Genuity Group upgraded shares of Dollarama to a “hold” rating in a research report on Tuesday, March 24th. Four 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 company. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Dollarama Stock Down 1.0%

The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 3.96. The company’s fifty day moving average price is $129.68 and its 200-day moving average price is $135.49. The stock has a market capitalization of $36.04 billion and a PE ratio of 50.38.

Dollarama (OTCMKTS:DLMAF) last posted its quarterly earnings data on Thursday, June 11th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Dollarama had a return on equity of 94.77% and a net margin of 17.65%. Analysts forecast that Dollarama Inc. will post 3.65 earnings per share for the current 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.