Dollarama Inc. (TSE:DOL) Receives C$216.00 Consensus Target Price from Brokerages

Dollarama Inc. (TSE:DOL) has been given an average rating of “Moderate Buy” by the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$216.00.

Several brokerages have commented on DOL. Bank of America set a C$220.00 target price on Dollarama and gave the stock a “buy” rating in a research note on Friday, June 12th. National Bank Financial raised their price target on shares of Dollarama from C$203.00 to C$209.00 in a research note on Friday, June 12th. Desjardins lifted their price target on shares of Dollarama from C$205.00 to C$215.00 in a report on Friday, June 12th. Scotiabank upped their price objective on shares of Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. Finally, Stifel Nicolaus upped their price objective on shares of Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th.

Dollarama Price Performance

Dollarama stock opened at C$187.75 on Friday. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57. Dollarama has a 52 week low of C$166.00 and a 52 week high of C$209.96. The stock has a market capitalization of C$50.84 billion, a P/E ratio of 38.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33. The stock has a fifty day moving average of C$188.75 and a 200-day moving average of C$184.13.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The business had revenue of C$1.85 billion during the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. On average, sell-side analysts expect that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 10th. Dollarama’s payout ratio is presently 9.00%.

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.