Dollarama Inc. (OTCMKTS:DLMAF) Receives Average Rating of “Buy” from Brokerages

Shares of Dollarama Inc. (OTCMKTS:DLMAF) have earned an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and seven have assigned a strong buy rating to the company.

DLMAF has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce upgraded Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Wells Fargo & Company raised shares of Dollarama to a “hold” rating in a research note on Tuesday, March 24th. UBS Group upgraded shares of Dollarama to a “hold” rating in a report on Wednesday, March 25th. TD Securities upgraded shares of Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Finally, Jefferies Financial Group upgraded shares of Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th.

Dollarama Stock Performance

Shares of OTCMKTS DLMAF opened at $127.70 on Thursday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $34.83 billion and a price-to-earnings ratio of 68.29. The stock’s fifty day simple moving average is $132.20 and its 200 day simple moving average is $137.64. Dollarama has a 52-week low of $112.41 and a 52-week high of $160.86.

Dollarama (OTCMKTS:DLMAF) last announced its earnings results on Tuesday, March 24th. The company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01. Dollarama had a return on equity of 94.85% and a net margin of 18.05%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. As a group, sell-side analysts forecast that Dollarama will post 3.71 earnings per share for the current fiscal year.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.