Dollarama (OTCMKTS:DLMAF) Shares Gap Down – Here’s Why

Dollarama Inc. (OTCMKTS:DLMAF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $133.2080, but opened at $128.06. Dollarama shares last traded at $128.06, with a volume of 191 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on DLMAF shares. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Ventum Financial upgraded shares of Dollarama to a “strong-buy” rating in a research note on Thursday, August 20th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, Stifel Nicolaus upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Five equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Dollarama has a consensus rating of “Buy”.

Dollarama Stock Performance

The stock has a market cap of $33.82 billion and a PE ratio of 47.55. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 3.96. The firm has a 50 day moving average price of $133.81 and a 200 day moving average price of $132.72.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.05. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. As a group, research analysts forecast that Dollarama Inc. will post 3.68 earnings per share for the current year.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.