Dollarama Inc. (TSE:DOL) Stock Has Consensus Price Target of C$216.06 According to Analysts

Shares of Dollarama Inc. (TSE:DOL) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$216.06.

A number of equities analysts recently weighed in on the company. Scotiabank decreased their price target on Dollarama from C$220.00 to C$210.00 in a research report on Monday, September 21st. TD cut their price objective on Dollarama from C$227.00 to C$217.00 and set a “buy” rating on the stock in a report on Thursday, September 17th. Ventum Capital upped their price objective on shares of Dollarama from C$225.00 to C$231.00 and gave the company a “buy” rating in a research note on Wednesday, October 21st. Ventum Financial set a C$225.00 target price on shares of Dollarama and gave the stock a “buy” rating in a report on Tuesday, September 8th. Finally, UBS Group decreased their target price on shares of Dollarama from C$202.00 to C$190.00 in a report on Monday, September 14th.

Dollarama Trading Up 0.8%

Dollarama stock opened at C$207.50 on Wednesday. The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. The firm has a market cap of C$55.69 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 1.93 and a beta of 0.34. Dollarama has a 1 year low of C$163.25 and a 1 year high of C$209.96. The firm’s 50 day moving average price is C$186.23 and its two-hundred day moving average price is C$185.26.

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

Dollarama Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, November 6th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Friday, October 9th. Dollarama’s payout ratio is 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.