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

Dollarama Inc. (TSE:DOL) has been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$203.69.

Several research analysts have commented on the company. Canadian Imperial Bank of Commerce raised Dollarama from a “hold” rating to an “outperform” rating and cut their price target for the stock from C$212.00 to C$202.00 in a research report on Wednesday, March 25th. Canaccord Genuity Group dropped their target price on Dollarama from C$207.00 to C$187.00 in a report on Wednesday, March 25th. Wells Fargo & Company dropped their target price on Dollarama from C$195.00 to C$185.00 in a report on Wednesday, March 25th. Desjardins dropped their target price on Dollarama from C$218.00 to C$205.00 and set a “buy” rating on the stock in a report on Wednesday, March 25th. Finally, National Bank Financial boosted their target price on Dollarama from C$198.00 to C$203.00 and gave the company an “outperform” rating in a report on Monday.

Dollarama Trading Up 0.4%

DOL opened at C$175.87 on Friday. The firm has a market cap of C$47.88 billion, a price-to-earnings ratio of 37.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40. Dollarama has a 52 week low of C$166.00 and a 52 week high of C$209.96. The business’s 50 day moving average is C$173.44 and its two-hundred day moving average is C$188.33. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61.

Dollarama (TSE:DOL) last released its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 EPS for the quarter. The company had revenue of C$2.10 billion for the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%. On average, research analysts predict that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s payout ratio is presently 8.95%.

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.