Dollarama (TSE:DOL) Given New C$215.00 Price Target at Desjardins

Dollarama (TSE:DOL) had its price target hoisted by research analysts at Desjardins from C$205.00 to C$215.00 in a research note issued on Friday,BayStreet.CA reports. Desjardins’ target price indicates a potential upside of 11.99% from the stock’s previous close.

DOL has been the subject of a number of other reports. Stifel Nicolaus upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the company from C$180.00 to C$190.00 in a research report on Tuesday, May 5th. National Bank Financial lifted their price target on shares of Dollarama from C$198.00 to C$203.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Canaccord Genuity Group lifted their price target on shares of Dollarama from C$187.00 to C$204.00 in a research report on Friday. Royal Bank Of Canada set a C$223.00 price target on shares of Dollarama and gave the company an “outperform” rating in a research report on Thursday, June 4th. Finally, Scotiabank dropped their price target on shares of Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$216.00.

Dollarama Stock Performance

DOL stock traded down C$3.78 during mid-day trading on Friday, hitting C$191.98. 429,075 shares of the company were exchanged, compared to its average volume of 715,527. The business has a 50 day simple moving average of C$174.77 and a 200-day simple moving average of C$187.83. The company has a current ratio of 1.13, a quick ratio of 0.08 and a debt-to-equity ratio of 370.61. The stock has a market capitalization of C$52.26 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. Dollarama has a 1-year low of C$166.00 and a 1-year high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The firm had revenue of C$1.85 billion during the quarter. On average, equities analysts forecast that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama News Summary

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

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.