Scotiabank Boosts Dollarama (TSE:DOL) Price Target to C$220.00

Dollarama (TSE:DOL – Get Free Report) had its price objective lifted by research analysts at Scotiabank from C$200.00 to C$220.00 in a research note issued on Friday,BayStreet.CA reports. Scotiabank’s target price points to a potential upside of 14.60% from the company’s previous close.

Several other analysts have also recently commented on the company. National Bank Financial lifted their price target on Dollarama from C$203.00 to C$209.00 in a report on Friday. Desjardins lifted their price target on Dollarama from C$205.00 to C$215.00 in a report on Friday. BMO Capital Markets lifted their price target on Dollarama from C$210.00 to C$221.00 in a report on Friday. Royal Bank Of Canada set a C$223.00 price target on Dollarama and gave the company an “outperform” rating in a report on Thursday, June 4th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Dollarama from C$202.00 to C$228.00 in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Dollarama has an average rating of “Moderate Buy” and a consensus price target of C$216.00.

Get Dollarama alerts:

Read Our Latest Stock Report on DOL

Dollarama Price Performance

DOL stock traded down C$3.78 during trading on Friday, hitting C$191.98. The stock had a trading volume of 429,075 shares, compared to its average volume of 715,527. The company’s 50 day moving average price is C$174.77 and its two-hundred day moving average price is C$187.83. Dollarama has a 1-year low of C$166.00 and a 1-year high of C$209.96. The stock has a market cap of C$52.26 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13.

Dollarama (TSE:DOL – Get Free Report) last posted 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 return on equity of 94.71% and a net margin of 18.05%. On average, sell-side analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Trending Headlines about Dollarama

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

About Dollarama

(Get Free Report)

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.

Recommended Stories

• Five stocks we like better than Dollarama
• SpaceX Rings the Bell and Shatters Every Record
• Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
• 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
• The 127-Gigawatt Problem: Why AI Needs Its Own Power

Receive News & Ratings for Dollarama Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama and related companies with MarketBeat.com's FREE daily email newsletter.