Dollarama (OTCMKTS:DLMAF) Shares Gap Up – Here’s What Happened

Shares of Dollarama Inc. (OTCMKTS:DLMAF) gapped up prior to trading on Wednesday . The stock had previously closed at $128.49, but opened at $134.79. Dollarama shares last traded at $134.79, with a volume of 108 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DLMAF shares. Jefferies Financial Group raised shares of Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. Stifel Nicolaus upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. BMO Capital Markets restated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Finally, Canaccord Genuity Group raised Dollarama to a “hold” rating in a research note on Tuesday, March 24th. Four analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Dollarama Trading Up 1.8%

The business has a 50 day simple moving average of $130.39 and a 200-day simple moving average of $134.80. The stock has a market capitalization of $36.48 billion and a price-to-earnings ratio of 51.06. The company has a debt-to-equity ratio of 3.96, a current ratio of 1.57 and a quick ratio of 0.70.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.05. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Dollarama had a return on equity of 94.77% and a net margin of 17.65%. As a group, equities analysts expect that Dollarama Inc. will post 3.63 earnings per share for the current year.

Dollarama Company Profile

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.