Dollarama Inc. (TSE:DOL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Dollarama Inc. (TSE:DOL) has received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$216.15.

A number of equities analysts have recently issued reports on DOL shares. TD Securities raised their target price on shares of Dollarama from C$210.00 to C$235.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Scotiabank raised their price objective on shares of Dollarama from C$205.00 to C$220.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Jefferies Financial Group lifted their price objective on shares of Dollarama from C$223.00 to C$235.00 in a research note on Friday, December 12th. Stifel Nicolaus increased their target price on shares of Dollarama from C$190.00 to C$200.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company raised their price target on Dollarama from C$185.00 to C$195.00 and gave the stock an “equal weight” rating in a report on Friday, December 12th.

Dollarama Stock Down 3.3%

DOL opened at C$199.30 on Thursday. The business’s 50-day simple moving average is C$196.76 and its 200-day simple moving average is C$190.88. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a one year low of C$132.37 and a one year high of C$209.96. The stock has a market capitalization of C$54.53 billion, a P/E ratio of 42.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.00.

Dollarama (TSE:DOL) last announced its earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share (EPS) for the quarter. The firm had revenue of C$1.91 billion during the quarter. Dollarama had a return on equity of 135.38% and a net margin of 17.85%. Analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, November 7th were issued a $0.1058 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. Dollarama’s payout ratio is presently 8.71%.

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.