Dollarama Inc. (TSE:DOL) Receives C$203.69 Consensus Target Price from Analysts

Dollarama Inc. (TSE:DOL) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$203.31.

Several brokerages recently commented on DOL. BMO Capital Markets reduced their target price on shares of Dollarama from C$222.00 to C$210.00 in a report on Wednesday, March 25th. Jefferies Financial Group reduced their target price on shares of Dollarama from C$235.00 to C$200.00 in a report on Wednesday, March 25th. Desjardins reduced their target price on shares of Dollarama from C$218.00 to C$205.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. National Bank Financial reduced their target price on shares of Dollarama from C$225.00 to C$198.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Dollarama from a “hold” rating to an “outperform” rating and reduced their target price for the stock from C$212.00 to C$202.00 in a report on Wednesday, March 25th.

Dollarama Stock Performance

Shares of DOL opened at C$174.95 on Wednesday. Dollarama has a 12 month low of C$162.89 and a 12 month high of C$209.96. The firm has a fifty day simple moving average of C$179.51 and a 200 day simple moving average of C$189.64. The stock has a market capitalization of C$47.63 billion, a price-to-earnings ratio of 36.99, a PEG ratio of 1.93 and a beta of 0.40. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 370.61.

Dollarama (TSE:DOL) last announced its earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The business had revenue of C$2.10 billion during the quarter. Research analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 8th were paid a $0.12 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Dollarama’s dividend payout ratio (DPR) is currently 8.95%.

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.