Dollarama Inc. (TSE:DOL) Receives Average Rating of “Moderate Buy” from Brokerages

Dollarama Inc. (TSE:DOL) has been given an average rating of “Moderate Buy” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$216.15.

Several analysts have weighed in on the company. Sanford C. Bernstein boosted their price target on Dollarama from C$223.00 to C$232.00 in a research note on Friday, December 12th. Jefferies Financial Group lifted their target price on Dollarama from C$223.00 to C$235.00 in a report on Friday, December 12th. Canaccord Genuity Group upped their target price on Dollarama from C$198.00 to C$207.00 in a research report on Friday, December 12th. TD Securities raised their price target on shares of Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, National Bankshares lifted their price objective on shares of Dollarama from C$214.00 to C$226.00 and gave the company an “outperform” rating in a research note on Friday, December 12th.

Dollarama Trading Down 1.1%

Shares of Dollarama stock opened at C$198.00 on Thursday. The firm’s 50 day simple moving average is C$197.46 and its two-hundred day simple moving average is C$191.01. The firm has a market capitalization of C$54.17 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 1.93 and a beta of 0.00. Dollarama has a 12-month low of C$132.37 and a 12-month high of C$209.96. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, December 11th. The company reported C$1.17 EPS for the quarter. Dollarama had a net margin of 17.85% and a return on equity of 135.38%. The business had revenue of C$1.91 billion during the quarter. Analysts predict that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 7th. Investors of record on Friday, November 7th were given a dividend of $0.1058 per share. The ex-dividend date was Friday, October 10th. This represents a $0.42 dividend on an annualized basis and a yield of 0.2%. Dollarama’s payout ratio is currently 8.71%.

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.