Dollarama (TSE:DOL) Given a C$220.00 Price Target by BofA Analysts

Dollarama (TSE:DOL) has been assigned a C$220.00 price objective by stock analysts at BofA in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. BofA’s price objective points to a potential upside of 14.60% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada set a C$223.00 price objective on Dollarama and gave the company an “outperform” rating in a report on Thursday, June 4th. National Bank Financial raised their price objective on Dollarama from C$203.00 to C$209.00 in a report on Friday. Jefferies Financial Group raised their price objective on Dollarama from C$200.00 to C$230.00 in a report on Friday. Canaccord Genuity Group raised their price objective on Dollarama from C$187.00 to C$204.00 in a report on Friday. Finally, Sanford C. Bernstein cut their price objective on Dollarama from C$232.00 to C$227.00 in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$216.00.

Dollarama Price Performance

Shares of TSE DOL traded down C$3.78 during mid-day trading on Friday, hitting C$191.98. 429,075 shares of the stock traded hands, compared to its average volume of 715,527. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08. Dollarama has a twelve month low of C$166.00 and a twelve month high of C$209.96. The company has a market cap of C$52.26 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The firm has a 50 day simple moving average of C$174.77 and a two-hundred day simple moving average of C$187.83.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%.The company had revenue of C$1.85 billion for the quarter. As a group, equities research analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Key Stories Impacting Dollarama

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

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.