National Bank Financial Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its target price lifted by stock analysts at National Bank Financial from C$203.00 to C$209.00 in a report released on Friday,BayStreet.CA reports. National Bank Financial’s price objective would indicate a potential upside of 8.87% from the company’s previous close.

A number of other research analysts have also recently commented on DOL. Scotiabank decreased their target price on shares of Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. BMO Capital Markets lifted their price objective on shares of Dollarama from C$210.00 to C$221.00 in a report on Friday. UBS Group reduced their target price on shares of Dollarama from C$210.00 to C$191.00 in a report on Wednesday, March 25th. Desjardins increased their target price on shares of Dollarama from C$205.00 to C$215.00 in a report on Friday. Finally, Sanford C. Bernstein reduced their target price on shares of Dollarama from C$232.00 to C$227.00 in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$216.00.

Dollarama Stock Performance

Shares of TSE:DOL traded down C$3.78 during trading on Friday, hitting C$191.98. 429,075 shares of the stock traded hands, compared to its average volume of 715,527. The company has a market cap of C$52.26 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 1.93 and a beta of 0.37. The company has a fifty day moving average price of C$174.77 and a two-hundred day moving average price of C$187.83. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. The company had revenue of C$1.85 billion during the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. As a group, equities analysts predict that Dollarama will post 5.3295203 EPS for the current year.

Dollarama News Summary

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

Dollarama Company Profile

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.