Dollarama Inc. (TSE:DOL) Receives C$216.00 Average Price Target from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$216.00.

DOL has been the subject of a number of research reports. Canaccord Genuity Group boosted their target price on Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Sanford C. Bernstein lowered their target price on Dollarama from C$232.00 to C$227.00 in a research note on Tuesday, May 12th. National Bank Financial increased their price objective on shares of Dollarama from C$203.00 to C$209.00 in a research note on Friday, June 12th. Stifel Nicolaus lifted their target price on Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. Finally, Royal Bank Of Canada set a C$223.00 target price on shares of Dollarama and gave the company an “outperform” rating in a research note on Thursday, June 4th.

Dollarama Price Performance

DOL opened at C$191.58 on Friday. Dollarama has a 12 month low of C$166.00 and a 12 month high of C$209.96. The business has a 50-day moving average of C$188.37 and a two-hundred day moving average of C$184.11. The stock has a market capitalization of C$51.88 billion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 1.93 and a beta of 0.33. The company has a debt-to-equity ratio of 451.20, a current ratio of 1.57 and a quick ratio of 0.08.

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

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Dollarama’s payout ratio is 9.00%.

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.