Dollarama Inc. (TSE:DOL) Stock Has Consensus Target Price of C$216.06

Dollarama Inc. (TSE:DOL) has earned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$216.06.

Several equities research analysts recently issued reports on DOL shares. Scotiabank decreased their price target on shares of Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. UBS Group dropped their price objective on shares of Dollarama from C$202.00 to C$190.00 in a research note on Monday, September 14th. Ventum Capital raised their target price on shares of Dollarama from C$225.00 to C$231.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Ventum Financial set a C$225.00 target price on shares of Dollarama and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Finally, TD lowered their price target on shares of Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a report on Thursday, September 17th.

Dollarama Stock Performance

TSE:DOL opened at C$209.97 on Wednesday. The stock’s 50-day simple moving average is C$187.19 and its 200 day simple moving average is C$185.36. The firm has a market capitalization of C$56.35 billion, a PE ratio of 42.16, a price-to-earnings-growth ratio of 1.93 and a beta of 0.34. The company has a quick ratio of 0.08, a current ratio of 1.55 and a debt-to-equity ratio of 399.63. Dollarama has a twelve month low of C$163.25 and a twelve month high of C$212.92.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 EPS 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%. On average, analysts anticipate that Dollarama will post 5.33 EPS for the current fiscal year.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, November 6th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, October 9th. This represents a $0.48 dividend on an annualized basis and a yield of 0.2%. Dollarama’s payout ratio is currently 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.