Dollarama (TSE:DOL) Shares Down 6.5% – Here’s What Happened

Dollarama Inc. (TSE:DOL) fell 6.5% during mid-day trading on Tuesday . The company traded as low as C$170.10 and last traded at C$174.49. 252,416 shares changed hands during trading, a decline of 61% from the average session volume of 654,933 shares. The stock had previously closed at C$186.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DOL shares. Canadian Imperial Bank of Commerce upped their price target on shares of Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a report on Friday, December 12th. Canaccord Genuity Group upped their target price on Dollarama from C$198.00 to C$207.00 in a research note on Friday, December 12th. Sanford C. Bernstein raised their target price on Dollarama from C$223.00 to C$232.00 in a report on Friday, December 12th. National Bank Financial reduced their price target on Dollarama from C$226.00 to C$225.00 and set an “outperform” rating for the company in a research report on Friday, March 6th. Finally, Desjardins set a C$218.00 price target on Dollarama and gave the company a “buy” rating in a report on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$217.08.

Dollarama Trading Down 7.1%

The stock has a market cap of C$47.44 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15. The company has a debt-to-equity ratio of 415.13, a quick ratio of 0.08 and a current ratio of 1.09. The company has a 50 day moving average of C$193.21 and a two-hundred day moving average of C$192.25.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. The company had revenue of C$2.10 billion for the quarter. Dollarama had a return on equity of 99.41% and a net margin of 18.59%. Sell-side analysts anticipate that Dollarama Inc. will post 5.3295203 earnings per share for the current fiscal year.

About Dollarama

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.