Royal Bank Of Canada Boosts Dollarama (TSE:DOL) Price Target to C$225.00

Dollarama (TSE:DOL) had its price objective increased by investment analysts at Royal Bank Of Canada from C$223.00 to C$225.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price indicates a potential upside of 31.02% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on DOL. BMO Capital Markets upped their price objective on Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th. Stifel Nicolaus lifted their target price on Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. TD reduced their target price 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. Jefferies Financial Group increased their price target on shares of Dollarama from C$200.00 to C$230.00 in a research report on Friday, June 12th. Finally, Canaccord Genuity Group raised their price target on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and an average target price of C$215.75.

Dollarama Stock Down 1.6%

TSE:DOL traded down C$2.83 during trading hours on Thursday, reaching C$171.73. The company’s stock had a trading volume of 374,421 shares, compared to its average volume of 705,607. The company has a market capitalization of C$46.50 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26. Dollarama has a 12 month low of C$163.25 and a 12 month high of C$209.96. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57. The stock has a 50 day moving average price of C$183.81 and a two-hundred day moving average price of C$181.89.

Dollarama (TSE:DOL) last posted its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The company had revenue of C$2.03 billion during the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. Equities analysts predict 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: Strong Q2 results: Dollarama reported revenue of C$2.03 billion, up 17.6% year over year, while EPS rose 11% to C$1.29. The performance reflects continued demand from Canadian consumers seeking lower-priced goods. Dollarama: Q2 EPS up 11%
• Positive Sentiment: Raised fiscal 2027 outlook: Management increased its Canadian sales-growth expectations after the better-than-anticipated quarter, supported by traffic, consumables demand and consumers trading down amid inflation and economic uncertainty. Dollarama raises fiscal 2027 guidance after Q2 sales growth
• Positive Sentiment: Defensive retail positioning: Executives said shoppers are making more careful spending decisions, which may continue to benefit Dollarama’s value-focused stores if household budgets remain constrained. Dollarama expects higher sales as inflation-hit shoppers look for discounts

About Dollarama

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.