Dollarama Inc. (TSE:DOL) Receives C$216.00 Consensus Price Target from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$216.00.

A number of analysts have commented on DOL shares. UBS Group decreased their target price on Dollarama from C$210.00 to C$191.00 in a research report on Wednesday, March 25th. National Bank Financial raised their price target on Dollarama from C$203.00 to C$209.00 in a research report on Friday, June 12th. BMO Capital Markets lifted their price target on Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th. Stifel Nicolaus boosted their price objective on shares of Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Dollarama from C$202.00 to C$228.00 in a research note on Friday, June 12th.

Dollarama Stock Performance

Shares of DOL opened at C$184.89 on Monday. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96. The company has a 50-day simple moving average of C$183.20 and a 200-day simple moving average of C$185.00. The company has a market capitalization of C$50.06 billion, a PE ratio of 38.04, a P/E/G ratio of 1.93 and a beta of 0.32.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. The firm had revenue of C$1.85 billion for the quarter. Equities research analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, August 7th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Dollarama’s payout ratio is presently 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.