Scotiabank Boosts Dollarama (TSE:DOL) Price Target to C$220.00

Dollarama (TSE:DOL) had its target price hoisted by analysts at Scotiabank from C$200.00 to C$220.00 in a research report issued on Friday,BayStreet.CA reports. Scotiabank’s price objective points to a potential upside of 14.60% from the company’s current price.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company cut their price target on Dollarama from C$195.00 to C$185.00 in a research note on Wednesday, March 25th. Canadian Imperial Bank of Commerce lifted their price target on Dollarama from C$202.00 to C$228.00 in a research note on Friday. Jefferies Financial Group lifted their price target on Dollarama from C$200.00 to C$230.00 in a research note on Friday. National Bank Financial lifted their price target on Dollarama from C$203.00 to C$209.00 in a research note on Friday. Finally, UBS Group cut their price target on Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$216.00.

Dollarama Price Performance

Shares of TSE DOL traded down C$3.78 during trading on Friday, hitting C$191.98. 429,075 shares of the company were exchanged, compared to its average volume of 715,527. The company has a market cap of C$52.26 billion, a price-to-earnings ratio of 40.59, a PEG ratio of 1.93 and a beta of 0.37. Dollarama has a 1 year low of C$166.00 and a 1 year high of C$209.96. The firm’s fifty day moving average price is C$174.77 and its 200 day moving average price is C$187.83. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08.

Dollarama (TSE:DOL) last issued its earnings results on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. The company had revenue of C$1.85 billion for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. On average, sell-side analysts expect that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama News Roundup

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

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.