Dollarama Inc. (TSE:DOL) Receives C$202.92 Average Price Target from Brokerages

Dollarama Inc. (TSE:DOL) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$202.92.

DOL has been the subject of a number of recent analyst reports. Desjardins dropped their price objective on Dollarama from C$218.00 to C$205.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. National Bank Financial lowered their target price on Dollarama from C$225.00 to C$198.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Canadian Imperial Bank of Commerce upgraded Dollarama from a “hold” rating to an “outperform” rating and lowered their target price for the stock from C$212.00 to C$202.00 in a report on Wednesday, March 25th. Jefferies Financial Group lowered their target price on Dollarama from C$235.00 to C$200.00 in a report on Wednesday, March 25th. Finally, Wells Fargo & Company lowered their target price on Dollarama from C$195.00 to C$185.00 in a report on Wednesday, March 25th.

Dollarama Price Performance

Shares of Dollarama stock opened at C$176.51 on Friday. The stock has a market cap of C$48.14 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 1.93 and a beta of 0.47. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The stock has a 50 day moving average price of C$185.86 and a 200-day moving average price of C$190.25. Dollarama has a one year low of C$160.39 and a one year high of C$209.96.

Dollarama (TSE:DOL) last announced its earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%.The firm had revenue of C$2.10 billion during the quarter. Equities analysts expect that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 8th. Stockholders of record on Friday, May 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Friday, April 17th. Dollarama’s payout ratio is presently 8.95%.

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.