Desjardins Increases Dollarama (TSE:DOL) Price Target to C$133.00

Dollarama (TSE:DOL) had its price objective upped by equities researchers at Desjardins from C$120.00 to C$133.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 5.64% from the stock’s current price.

A number of other equities analysts have also weighed in on DOL. National Bank Financial upgraded shares of Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, March 13th. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday. TD Securities boosted their price target on shares of Dollarama from C$113.00 to C$126.00 and gave the stock a “hold” rating in a research report on Tuesday, May 28th. BMO Capital Markets boosted their price target on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Finally, CIBC boosted their price target on shares of Dollarama from C$99.00 to C$115.00 in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$122.60.

Dollarama Price Performance

Shares of DOL stock traded down C$0.85 on Tuesday, reaching C$125.90. 185,337 shares of the company were exchanged, compared to its average volume of 504,916. The company has a market cap of C$35.10 billion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 1.93 and a beta of 0.52. The business has a 50-day moving average price of C$118.12 and a 200 day moving average price of C$106.35. The company has a debt-to-equity ratio of 1,137.89, a quick ratio of 0.08 and a current ratio of 1.93. Dollarama has a 1 year low of C$83.00 and a 1 year high of C$129.16.

Dollarama (TSE:DOL) last released its earnings results on Thursday, April 4th. The company reported C$1.15 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.10. The business had revenue of C$1.64 billion during the quarter, compared to analysts’ expectations of C$1.60 billion. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. Equities research analysts forecast that Dollarama will post 4.5049541 earnings per share for the current fiscal year.

Insider Transactions at Dollarama

In other news, Director John Assaly sold 1,336 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total value of C$150,106.41. In related news, Director Paul Roche sold 707 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. Also, Director John Assaly sold 1,336 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total transaction of C$150,106.41. In the last three months, insiders have sold 69,623 shares of company stock worth $8,058,311. 2.92% of the stock is currently owned by insiders.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.