Dollarama Inc. (TSE:DOL) Receives C$216.00 Average PT from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$216.00.

DOL has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce upped their price objective on Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. Scotiabank upped their price objective on Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. TD Securities decreased 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. Desjardins boosted their target price on Dollarama from C$205.00 to C$215.00 in a research report on Friday, June 12th. Finally, Royal Bank Of Canada set a C$223.00 price target on Dollarama and gave the stock an “outperform” rating in a research note on Thursday, June 4th.

Dollarama Trading Up 1.0%

Shares of DOL stock opened at C$193.93 on Thursday. The business’s fifty day moving average price is C$177.96 and its 200 day moving average price is C$187.08. Dollarama has a 1-year low of C$166.00 and a 1-year high of C$209.96. The firm has a market capitalization of C$52.51 billion, a PE ratio of 39.90, a P/E/G ratio of 1.93 and a beta of 0.37. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08.

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

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 8th were given a $0.12 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Dollarama’s payout ratio is currently 9.00%.

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.