Dollarama Inc. (TSE:DOL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Dollarama Inc. (TSE:DOLGet Free Report) have been given an average rating of “Moderate Buy” by the twelve analysts that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$216.00.

Several research firms have recently commented on DOL. Desjardins boosted their target price on shares of Dollarama from C$205.00 to C$215.00 in a research report on Friday, June 12th. TD boosted their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Stifel Nicolaus boosted their target price on shares of Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. TD Securities decreased their target price on shares of Dollarama from C$235.00 to C$225.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Finally, Scotiabank boosted their target price on shares of Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th.

View Our Latest Research Report on DOL

Dollarama Trading Down 1.4%

DOL opened at C$191.22 on Thursday. Dollarama has a 1-year low of C$166.00 and a 1-year high of C$209.96. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20. The company has a market cap of C$51.78 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The company has a fifty day moving average price of C$178.32 and a two-hundred day moving average price of C$186.91.

Dollarama (TSE:DOLGet Free Report) last posted its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. The firm had revenue of C$1.85 billion during the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. Analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Dollarama’s payout ratio is presently 9.00%.

Dollarama Company Profile

(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.

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Analyst Recommendations for Dollarama (TSE:DOL)

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