Dollarama Inc. (TSE:DOL) Receives C$216.00 Average PT from Analysts

Shares of Dollarama Inc. (TSE:DOL) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$216.00.

Several research analysts have issued reports on the company. Stifel Nicolaus increased their price objective on Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. BMO Capital Markets boosted their target price on shares of Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th. Royal Bank Of Canada set a C$223.00 target price on shares of Dollarama and gave the stock an “outperform” rating in a report on Thursday, June 4th. Jefferies Financial Group increased their target price on shares of Dollarama from C$200.00 to C$230.00 in a research report on Friday, June 12th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th.

Dollarama Stock Performance

DOL stock opened at C$184.68 on Monday. Dollarama has a 1-year low of C$166.00 and a 1-year high of C$209.96. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20. The business’s 50 day moving average is C$183.67 and its 200-day moving average is C$184.72. The firm has a market cap of C$50.01 billion, a P/E ratio of 38.00, a P/E/G ratio of 1.93 and a beta of 0.32.

Dollarama (TSE:DOL) last posted its earnings results on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. The business had revenue of C$1.85 billion during the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%. Equities analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, August 7th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, July 10th. Dollarama’s dividend payout ratio is currently 9.00%.

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.