Brokerages Set Dollarama Inc. (TSE:DOL) Price Target at C$203.69

Dollarama Inc. (TSE:DOL) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$203.69.

DOL has been the subject of a number of recent research reports. Canaccord Genuity Group reduced their price target on Dollarama from C$207.00 to C$187.00 in a research report on Wednesday, March 25th. National Bank Financial reduced their price target on Dollarama from C$225.00 to C$198.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Scotiabank reduced their price target on Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. Wells Fargo & Company reduced their price target on Dollarama from C$195.00 to C$185.00 in a research report on Wednesday, March 25th. Finally, Stifel Nicolaus raised Dollarama from a “hold” rating to a “buy” rating and upped their price target for the stock from C$180.00 to C$190.00 in a research report on Tuesday.

Dollarama Price Performance

Shares of DOL opened at C$173.83 on Wednesday. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The stock has a 50 day simple moving average of C$181.06 and a 200 day simple moving average of C$189.81. Dollarama has a 52-week low of C$160.39 and a 52-week high of C$209.96. The firm has a market capitalization of C$47.32 billion, a PE ratio of 36.75, a P/E/G ratio of 1.93 and a beta of 0.40.

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

Dollarama Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s dividend payout ratio is currently 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.