Brokerages Set Dollarama Inc (DOL) PT at $168.50
Dollarama Inc (TSE:DOL) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$169.00.
A number of research firms have recently weighed in on DOL. Industrial Alliance Securities cut shares of Dollarama from a “buy” rating to a “hold” rating in a report on Thursday. BMO Capital Markets restated a “market perform” rating and issued a C$152.00 price target on shares of Dollarama in a report on Monday, April 2nd. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and raised their price target for the company from C$160.00 to C$175.00 in a report on Monday, June 4th. Scotiabank lowered their price target on shares of Dollarama from C$169.00 to C$167.00 and set an “outperform” rating on the stock in a report on Friday, June 8th. Finally, CIBC lowered their price target on shares of Dollarama from C$178.00 to C$177.00 in a report on Friday, June 8th.
In related news, Director John Assaly sold 13,404 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of C$153.60, for a total value of C$2,058,854.40. Also, insider Geoffrey Peter Robillard sold 48,000 shares of the stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of C$150.07, for a total transaction of C$7,203,360.00.
Dollarama (TSE:DOL) last released its quarterly earnings results on Thursday, June 7th. The company reported C$0.92 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.93 by C($0.01). The firm had revenue of C$756.07 million for the quarter, compared to analyst estimates of C$762.70 million.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Friday, July 6th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, July 5th.
Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of January 28, 2018, it operated 1,160 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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