Dollarama (TSE:DOL) Given a C$225.00 Price Target by Ventum Financial Analysts

Key Points

• Ventum Financial assigned Dollarama a C$225 price target and Buy rating, implying approximately 30% upside from the stock’s previous close.
• Analyst sentiment is broadly positive: Dollarama has an average “Buy” rating and a consensus price target of C$216.56, with 10 Buy, one Strong Buy, and one Hold rating.
• Shares recently traded at C$173.15, while the company reported quarterly revenue of C$1.85 billion and earnings of C$1.11 per share, alongside a 17.65% net margin.

Dollarama (TSE:DOL - Get Free Report) has been assigned a C$225.00 price objective by investment analysts at Ventum Financial in a research report issued on Tuesday, BayStreet reports. The firm currently has a "buy" rating on the stock. Ventum Financial's target price points to a potential upside of 29.95% from the stock's previous close.

A number of other brokerages have also recently commented on DOL. Canaccord Genuity Group raised their price objective on shares of Dollarama from C$187.00 to C$204.00 in a research note on Friday, June 12th. TD raised their price target on shares of Dollarama from C$225.00 to C$227.00 and gave the company a "buy" rating in a research report on Friday, June 12th. Jefferies Financial Group lifted their price objective on shares of Dollarama from C$200.00 to C$230.00 in a report on Friday, June 12th. Sanford C. Bernstein reduced their price target on Dollarama from C$232.00 to C$227.00 in a report on Tuesday, May 12th. Finally, BMO Capital Markets lifted their target price on shares of Dollarama from C$210.00 to C$221.00 in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Dollarama has an average rating of "Buy" and a consensus price target of C$216.56.

Dollarama Stock Performance

Shares of TSE DOL traded down C$4.06 during midday trading on Tuesday, reaching C$173.15. The company had a trading volume of 295,982 shares, compared to its average volume of 693,911. The stock has a market cap of C$46.89 billion, a P/E ratio of 35.63, a P/E/G ratio of 1.93 and a beta of 0.26. 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 simple moving average is C$186.18 and its 200 day simple moving average is C$183.18. Dollarama has a 1 year low of C$166.00 and a 1 year high of C$209.96.

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

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.

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