Royal Bank of Canada Boosts Dollarama (TSE:DOL) Price Target to C$160.00

Dollarama (TSE:DOL) had its target price hoisted by research analysts at Royal Bank of Canada from C$147.00 to C$160.00 in a report released on Monday,BayStreet.CA reports. Royal Bank of Canada’s target price suggests a potential upside of 11.27% from the stock’s current price.

DOL has been the subject of several other reports. Cfra raised Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$130.00 to C$155.00 in a research note on Thursday, September 12th. BMO Capital Markets increased their target price on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Desjardins increased their target price on Dollarama from C$143.00 to C$147.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, Stifel Nicolaus increased their price objective on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$141.91.

Dollarama Stock Performance

DOL opened at C$143.80 on Monday. The firm has a market cap of C$40.52 billion, a PE ratio of 37.25, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The business has a fifty day simple moving average of C$142.61 and a 200-day simple moving average of C$133.01. Dollarama has a fifty-two week low of C$89.93 and a fifty-two week high of C$152.97.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.96 by C$0.06. The business had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. As a group, equities analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

Insider Activity

In related news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total value of C$275,450.00. Over the last ninety days, insiders have sold 7,697 shares of company stock valued at $1,049,979. 2.23% of the stock is owned by insiders.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.