Dollarama (OTCMKTS:DLMAF) Raised to “Strong-Buy” at Stifel Nicolaus

Dollarama (OTCMKTS:DLMAFGet Free Report) was upgraded by equities research analysts at Stifel Nicolaus from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on DLMAF. Canadian Imperial Bank of Commerce upgraded shares of Dollarama to a “strong-buy” rating in a research report on Wednesday, March 25th. UBS Group upgraded shares of Dollarama to a “hold” rating in a research report on Wednesday, March 25th. Scotiabank upgraded shares of Dollarama to a “strong-buy” rating in a research report on Tuesday, March 24th. BMO Capital Markets upgraded shares of Dollarama to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, National Bank Financial upgraded shares of Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dollarama presently has a consensus rating of “Buy”.

Check Out Our Latest Analysis on Dollarama

Dollarama Price Performance

Shares of DLMAF stock opened at $127.19 on Tuesday. Dollarama has a 1 year low of $112.41 and a 1 year high of $160.86. The firm’s 50 day moving average is $132.46 and its 200-day moving average is $137.64. The firm has a market capitalization of $34.69 billion and a price-to-earnings ratio of 68.02. The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 3.17.

Dollarama (OTCMKTS:DLMAFGet Free Report) last announced its earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. Dollarama had a net margin of 18.05% and a return on equity of 94.85%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. Sell-side analysts forecast that Dollarama will post 3.71 EPS for the current fiscal year.

Dollarama Company Profile

(Get Free Report)

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.

Further Reading

Analyst Recommendations for Dollarama (OTCMKTS:DLMAF)

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