Dollarama (OTCMKTS:DLMAF) Upgraded to “Strong-Buy” at Canadian Imperial Bank of Commerce

Dollarama (OTCMKTS:DLMAF) was upgraded by stock analysts at Canadian Imperial Bank of Commerce to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on DLMAF. Zacks Research raised Dollarama to a “hold” rating in a research report on Monday, March 16th. TD Securities reissued a “buy” rating on shares of Dollarama in a research report on Friday, December 12th. National Bank Financial restated an “outperform” rating on shares of Dollarama in a research note on Thursday, December 4th. Scotiabank reaffirmed an “outperform” rating on shares of Dollarama in a research report on Friday, December 12th. Finally, Royal Bank Of Canada raised shares of Dollarama to a “moderate buy” rating in a research note on Monday, March 16th. Four investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Dollarama Trading Up 1.1%

DLMAF opened at $124.20 on Wednesday. The stock has a market capitalization of $33.90 billion and a P/E ratio of 147.86. The company has a current ratio of 1.09, a quick ratio of 0.23 and a debt-to-equity ratio of 3.55. Dollarama has a 12 month low of $103.70 and a 12 month high of $160.86. The firm’s fifty day simple moving average is $140.45 and its 200 day simple moving average is $138.93.

Dollarama (OTCMKTS:DLMAF) last released its earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.03. Dollarama had a return on equity of 96.58% and a net margin of 18.05%.The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion.

Dollarama Company Profile

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.