Dollarama (TSE:DOL – Free Report) had its target price cut by Desjardins from C$215.00 to C$210.00 in a report released on Thursday,BayStreet reports. They currently have a buy rating on the stock.
A number of other analysts have also recently issued reports on DOL. Stifel Nicolaus lifted their price objective on Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 target price on Dollarama and gave the stock an “outperform” rating in a research report on Tuesday, September 1st. Jefferies Financial Group raised their price target on Dollarama from C$200.00 to C$230.00 in a research note on Friday, June 12th. UBS Group reduced their price target on Dollarama from C$202.00 to C$190.00 in a report on Monday, September 14th. Finally, Canaccord Genuity Group boosted their price target on Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$215.75.
Check Out Our Latest Stock Report on Dollarama
Dollarama Stock Up 0.8%
Dollarama (TSE:DOL – Get Free Report) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The company had revenue of C$2.03 billion during the quarter. On average, equities analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current fiscal year.
Dollarama Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Friday, July 10th. Dollarama’s dividend payout ratio is 9.00%.
Key Stories Impacting Dollarama
Here are the key news stories impacting Dollarama this week:
- Positive Sentiment: Dollarama raised its fiscal 2027 sales-growth outlook after reporting continued second-quarter sales momentum, suggesting that consumers are increasingly choosing its value-oriented merchandise as household budgets tighten. Dollarama raises fiscal 2027 guidance after Q2 sales growth
- Positive Sentiment: Second-quarter EPS increased 11%, while the company also exceeded sales-growth expectations. The combination of earnings growth and higher guidance reinforces the investment case despite a cautious consumer environment. Dollarama: Q2 EPS up 11%
- Positive Sentiment: Analyst sentiment remains broadly bullish. Desjardins and TD maintained “buy” ratings with targets of C$210 and C$217, while National Bank Financial and RBC maintained “outperform” ratings with targets of C$210 and C$225. These targets imply approximately 22% to 30% upside from the referenced C$172.75 level.
- Neutral Sentiment: The analyst revisions were mixed: Desjardins lowered its target from C$215 to C$210 and TD cut its target from C$227 to C$217, while National Bank Financial and RBC raised their targets modestly. The unchanged positive ratings limit the concern implied by the target reductions.
- Negative Sentiment: Dollarama recently reached a new 52-week low following an analyst downgrade, highlighting near-term market pressure. Shares also remain below their 50-day and 200-day moving averages, which may keep technical sentiment cautious. Dollarama Sets New 1-Year Low Following Analyst Downgrade
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.
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