Dollarama (OTCMKTS:DLMAF – Get Free Report) was upgraded by Stifel Nicolaus from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.
A number of other analysts have also recently weighed in on DLMAF. Jefferies Financial Group raised shares of Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. UBS Group raised shares of Dollarama to a “hold” rating in a research note on Wednesday, March 25th. TD Securities raised shares of Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. Wells Fargo & Company raised shares of Dollarama to a “hold” rating in a research note on Tuesday, March 24th. Finally, Zacks Research raised shares of Dollarama to a “hold” rating in a research note on Monday, March 16th. Seven research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.
Read Our Latest Analysis on Dollarama
Dollarama Stock Performance
Dollarama (OTCMKTS:DLMAF – Get Free Report) last posted its earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dollarama had a net margin of 18.05% and a return on equity of 94.85%. As a group, research analysts forecast that Dollarama will post 3.71 earnings per share for the current fiscal year.
About Dollarama
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.
Further Reading
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