Dollarama Inc. (TSE:DOL) Receives C$203.31 Consensus PT from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been given a consensus rating of “Moderate Buy” by the ten brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$203.69.

A number of equities research analysts recently commented on the company. UBS Group dropped their target price on Dollarama from C$210.00 to C$191.00 in a research report on Wednesday, March 25th. Canaccord Genuity Group dropped their target price on Dollarama from C$207.00 to C$187.00 in a research report on Wednesday, March 25th. TD Securities dropped their target price on Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Stifel Nicolaus upgraded Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$180.00 to C$190.00 in a research report on Tuesday, May 5th. Finally, Desjardins decreased their price target on Dollarama from C$218.00 to C$205.00 and set a “buy” rating for the company in a report on Wednesday, March 25th.

Dollarama Price Performance

Shares of TSE DOL opened at C$181.22 on Friday. The business’s 50 day moving average price is C$173.63 and its 200 day moving average price is C$188.28. The firm has a market cap of C$49.34 billion, a P/E ratio of 38.31, a P/E/G ratio of 1.93 and a beta of 0.37. Dollarama has a 52 week low of C$166.00 and a 52 week high of C$209.96. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61.

Dollarama (TSE:DOL) last issued its earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. The firm had revenue of C$2.10 billion for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%. On average, sell-side analysts expect that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, April 17th. Dollarama’s dividend payout ratio is presently 8.95%.

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.