Dollarama (TSE:DOL) Price Target Raised to C$227.00 at TD

Dollarama (TSE:DOL) had its target price lifted by analysts at TD from C$225.00 to C$227.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s price target would suggest a potential upside of 18.24% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. UBS Group decreased their price objective on Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th. National Bank Financial lifted their price objective on Dollarama from C$203.00 to C$209.00 in a research note on Friday. Wells Fargo & Company decreased their price objective on Dollarama from C$195.00 to C$185.00 in a research note on Wednesday, March 25th. Desjardins boosted their target price on Dollarama from C$205.00 to C$215.00 in a research note on Friday. Finally, Canadian Imperial Bank of Commerce boosted their target price on Dollarama from C$202.00 to C$228.00 in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$216.00.

Dollarama Trading Down 1.9%

Shares of DOL stock traded down C$3.78 on Friday, reaching C$191.98. 429,075 shares of the stock were exchanged, compared to its average volume of 715,527. The stock has a market cap of C$52.26 billion, a PE ratio of 40.59, a P/E/G ratio of 1.93 and a beta of 0.37. Dollarama has a one year low of C$166.00 and a one year high of C$209.96. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08. The stock has a 50 day moving average price of C$174.77 and a 200 day moving average price of C$187.83.

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

Trending Headlines about Dollarama

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.