Dollarama (OTCMKTS:DLMAF) Shares Gap Down – Here’s What Happened

Dollarama Inc. (OTCMKTS:DLMAF) gapped down prior to trading on Thursday . The stock had previously closed at $133.2080, but opened at $128.06. Dollarama shares last traded at $128.06, with a volume of 191 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stifel Nicolaus upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Scotiabank reissued an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Ventum Financial upgraded shares of Dollarama to a “strong-buy” rating in a report on Thursday, August 20th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Five research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Dollarama Trading Down 1.4%

The stock has a market capitalization of $33.85 billion and a P/E ratio of 47.58. The firm’s 50 day moving average price is $134.19 and its 200 day moving average price is $132.87. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.57 and a quick ratio of 0.70.

Dollarama (OTCMKTS:DLMAF) last posted its earnings results on Thursday, June 11th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.05. Dollarama had a return on equity of 94.77% and a net margin of 17.65%.The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. As a group, equities research analysts expect that Dollarama Inc. will post 3.68 earnings per share for the current fiscal year.

Dollarama Company Profile

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.