Scotiabank Cuts Dollarama (TSE:DOL) Price Target to C$210.00

Dollarama (TSE:DOL) had its price objective reduced by Scotiabank from C$220.00 to C$210.00 in a report released on Monday,BayStreet reports.

Other equities analysts have also issued reports about the stock. Ventum Financial set a C$225.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a report on Tuesday, September 8th. UBS Group cut their target price on Dollarama from C$202.00 to C$190.00 in a research note on Monday, September 14th. National Bank Financial lifted their target price on Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Royal Bank Of Canada boosted their price target on Dollarama from C$223.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Finally, Canaccord Genuity Group upped their price target on Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$215.12.

Dollarama Stock Down 1.3%

TSE:DOL opened at C$178.40 on Monday. The firm has a market cap of C$47.88 billion, a P/E ratio of 35.82, a P/E/G ratio of 1.93 and a beta of 0.26. The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. Dollarama has a fifty-two week low of C$163.25 and a fifty-two week high of C$209.96. The firm has a 50-day simple moving average of C$182.96 and a two-hundred day simple moving average of C$181.08.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The firm had revenue of C$2.03 billion for the quarter. Analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Dollarama’s payout ratio is currently 9.07%.

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.