Dollarama (OTCMKTS:DLMAF) Shares Gap Up – Still a Buy?

Dollarama Inc. (OTCMKTS:DLMAF) gapped up prior to trading on Thursday. The stock had previously closed at $132.9635, but opened at $142.37. Dollarama shares last traded at $142.37, with a volume of 148 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DLMAF shares. Ventum Financial raised shares of Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Dollarama in a research report on Thursday, September 17th. Five research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Dollarama Stock Performance

The business has a 50-day simple moving average of $129.83 and a 200 day simple moving average of $129.65. The firm has a market cap of $38.17 billion and a PE ratio of 39.55. The company has a debt-to-equity ratio of 3.71, a current ratio of 1.55 and a quick ratio of 0.54.

Dollarama (OTCMKTS:DLMAF) last issued its quarterly earnings data on Wednesday, September 16th. The company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.01. Dollarama had a return on equity of 96.41% and a net margin of 17.32%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.44 billion. Equities research analysts forecast that Dollarama Inc. will post 3.70 EPS for the current year.

About Dollarama

Dollarama Inc is a Canadian value retailer that operates stores offering general merchandise, consumable products and seasonal items at low, fixed price points. Its product selection typically includes household goods, kitchenware, hardware, stationery, party supplies, toys, health and beauty products, snacks and other everyday necessities.

The company traces its origins to 1992, when the first Dollarama store opened in Matane, Quebec. It has since expanded into a nationwide retail network serving communities across Canada, with stores located in urban, suburban and smaller markets.