Dollarama Inc. (TSE:DOL) Stock Has Average Price Target of C$215.12 According to Brokerages

Dollarama Inc. (TSE:DOL) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$215.12.

A number of equities research analysts recently weighed in on the stock. TD lowered their price objective on shares of Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Scotiabank cut their target price on shares of Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. Desjardins decreased their target price on Dollarama from C$215.00 to C$210.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. BMO Capital Markets upped their target price on Dollarama from C$210.00 to C$221.00 in a report on Friday, June 12th. Finally, Royal Bank Of Canada increased their price target on Dollarama from C$223.00 to C$225.00 and gave the stock an “outperform” rating in a research report on Thursday, September 17th.

Dollarama Stock Performance

Dollarama stock opened at C$191.93 on Friday. The company has a market cap of C$51.51 billion, a PE ratio of 38.54, a P/E/G ratio of 1.93 and a beta of 0.34. The company has a fifty day moving average price of C$182.18 and a two-hundred day moving average price of C$180.53. The company has a debt-to-equity ratio of 399.63, a current ratio of 1.55 and a quick ratio of 0.08. Dollarama has a 12 month low of C$163.25 and a 12 month high of C$209.96.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The company had revenue of C$2.03 billion for the quarter. Research analysts expect that Dollarama will post 5.33 earnings per share for the current year.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, November 6th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Friday, October 9th. Dollarama’s dividend payout ratio is presently 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.