Analysts Set Dollarama Inc. (TSE:DOL) Price Target at C$216.56

Dollarama Inc. (TSE:DOL) has received a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$216.56.

Several research firms have weighed in on DOL. Canadian Imperial Bank of Commerce lifted their target price on Dollarama from C$202.00 to C$228.00 in a research note on Friday, June 12th. Bank of America set a C$220.00 target price on Dollarama and gave the stock a “buy” rating in a research report on Friday, June 12th. Canaccord Genuity Group raised their price target on Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price target on Dollarama and gave the company an “outperform” rating in a report on Tuesday, September 1st. Finally, BMO Capital Markets boosted their price target on Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th.

Dollarama Stock Down 0.5%

DOL stock opened at C$167.11 on Tuesday. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08. The firm has a market capitalization of C$45.25 billion, a P/E ratio of 34.38, a P/E/G ratio of 1.93 and a beta of 0.26. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96. The company’s 50 day simple moving average is C$184.80 and its 200-day simple moving average is C$182.59.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$1.85 billion for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. As a group, equities research analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Dollarama’s payout ratio is 9.00%.

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.