Dollarama (DOL) Price Target Lowered to C$37.00 at BMO Capital Markets

Dollarama (TSE:DOL) had its price target cut by BMO Capital Markets from C$42.00 to C$37.00 in a research note published on Friday morning.

A number of other brokerages have also issued reports on DOL. Barclays boosted their target price on Dollarama from C$52.00 to C$53.00 in a research report on Wednesday, September 12th. Industrial Alliance Securities raised Dollarama from a hold rating to a buy rating and set a C$54.50 target price on the stock in a research report on Thursday, September 6th. National Bank Financial lowered Dollarama from an outperform rating to a sector perform rating and cut their target price for the stock from C$56.00 to C$48.00 in a research report on Friday, September 14th. Raymond James cut their target price on Dollarama from C$56.00 to C$50.00 and set an outperform rating on the stock in a research report on Friday, September 14th. Finally, TD Securities lowered Dollarama from a buy rating to a hold rating and cut their target price for the stock from C$59.00 to C$49.00 in a research report on Friday, September 14th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Dollarama currently has a consensus rating of Buy and an average price target of C$54.21.

Shares of Dollarama stock traded down C$0.53 on Friday, reaching C$32.80. 1,730,100 shares of the company were exchanged, compared to its average volume of 1,096,239. Dollarama has a fifty-two week low of C$31.35 and a fifty-two week high of C$56.67.

Dollarama (TSE:DOL) last announced its earnings results on Thursday, September 13th. The company reported C$0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.44 by C($0.01). The firm had revenue of C$868.45 million during the quarter, compared to the consensus estimate of C$883.00 million. Equities research analysts predict that Dollarama will post 1.92999984701221 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, January 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, January 10th. Dollarama’s dividend payout ratio (DPR) is presently 10.06%.

In other Dollarama news, insider Michael Ross purchased 1,400 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The shares were purchased at an average cost of C$36.98 per share, with a total value of C$51,772.00. Also, insider Geoffrey Peter Robillard sold 20,000 shares of the company’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of C$39.19, for a total value of C$783,800.00.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of July 29, 2018, it operated 1,178 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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