Brokerages Set Dollarama Inc. (TSE:DOL) PT at C$216.00

Shares of Dollarama Inc. (TSE:DOL) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$216.56.

DOL has been the topic of several research analyst reports. BMO Capital Markets increased their target price on Dollarama from C$210.00 to C$221.00 in a report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price objective on shares of Dollarama and gave the company an “outperform” rating in a research note on Thursday, June 4th. Ventum Financial set a C$225.00 target price on shares of Dollarama and gave the stock a “buy” rating in a report on Thursday. Desjardins upped their price objective on Dollarama from C$205.00 to C$215.00 in a report on Friday, June 12th. Finally, TD increased their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a report on Friday, June 12th.

Dollarama Price Performance

Dollarama stock opened at C$187.30 on Friday. Dollarama has a one year low of C$166.00 and a one year high of C$209.96. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08. The business has a 50 day simple moving average of C$188.79 and a 200 day simple moving average of C$184.18. The company has a market capitalization of C$50.72 billion, a PE ratio of 38.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33.

Dollarama (TSE:DOL) last posted its earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The business had revenue of C$1.85 billion for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. On average, sell-side analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, July 10th. Dollarama’s dividend payout ratio (DPR) is 9.00%.

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.