Dollarama (TSE:DOL) Price Target Raised to C$231.00

Dollarama (TSE:DOL) had its target price upped by Ventum Capital from C$225.00 to C$231.00 in a research report sent to investors on Wednesday morning,BayStreet reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the stock. Scotiabank dropped their target price on shares of Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. Royal Bank Of Canada upped their price target on shares of Dollarama from C$223.00 to C$225.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. TD lowered their price objective on shares of Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Ventum Financial set a C$225.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Finally, National Bank Financial raised their price objective on shares of Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$216.06.

Dollarama Trading Down 0.8%

TSE DOL opened at C$207.45 on Wednesday. The firm has a market cap of C$55.67 billion, a P/E ratio of 41.66, a P/E/G ratio of 1.93 and a beta of 0.34. The company has a debt-to-equity ratio of 399.63, a current ratio of 1.55 and a quick ratio of 0.08. The stock’s 50-day moving average is C$184.28 and its 200-day moving average is C$182.68. Dollarama has a one year low of C$163.25 and a one year high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. The business had revenue of C$2.03 billion during the quarter. Sell-side analysts anticipate that Dollarama will post 5.33 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, November 6th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 9th. Dollarama’s dividend payout ratio (DPR) is currently 9.07%.

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.