Stifel Nicolaus Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price objective upped by equities research analysts at Stifel Nicolaus from C$190.00 to C$215.00 in a research note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price objective would suggest a potential upside of 11.99% from the company’s current price.

DOL has been the topic of a number of other research reports. Royal Bank Of Canada set a C$223.00 target price on Dollarama and gave the company an “outperform” rating in a report on Thursday, June 4th. Sanford C. Bernstein decreased their price objective on Dollarama from C$232.00 to C$227.00 in a report on Tuesday, May 12th. Scotiabank lifted their price objective on Dollarama from C$200.00 to C$220.00 in a report on Friday. National Bank Financial lifted their price objective on Dollarama from C$203.00 to C$209.00 in a report on Friday. Finally, Canaccord Genuity Group lifted their price objective on Dollarama from C$187.00 to C$204.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and an average price target of C$216.00.

Dollarama Stock Performance

DOL traded down C$3.78 during midday trading on Friday, reaching C$191.98. The company’s stock had a trading volume of 429,075 shares, compared to its average volume of 715,527. The stock has a market cap of C$52.26 billion, a P/E ratio of 40.59, a PEG ratio of 1.93 and a beta of 0.37. The company has a fifty day simple moving average of C$174.77 and a 200 day simple moving average of C$187.83. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 370.61. Dollarama has a twelve month low of C$166.00 and a twelve month high of C$209.96.

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

Dollarama News Summary

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

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.