Shares of Dollarama Inc. (TSE:DOL – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$215.12.
A number of research analysts recently commented on DOL shares. BMO Capital Markets boosted their price target on Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th. Canaccord Genuity Group increased their price objective on shares of Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th. Bank of America set a C$220.00 target price on shares of Dollarama and gave the company a “buy” rating in a report on Friday, June 12th. Desjardins cut their price target on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Finally, Stifel Nicolaus upped their price target on shares of Dollarama from C$190.00 to C$215.00 in a report on Friday, June 12th.
Get Our Latest Stock Analysis on Dollarama
Dollarama Price Performance
Dollarama (TSE:DOL – Get Free Report) last released its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The firm 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%. As a group, research analysts expect that Dollarama will post 5.3295203 EPS for the current fiscal year.
Dollarama Dividend Announcement
The firm 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. The ex-dividend date is Friday, October 9th. This represents a $0.48 annualized dividend and a yield of 0.3%. Dollarama’s dividend payout ratio is presently 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.
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