TD Lowers Dollarama (TSE:DOL) Price Target to C$217.00

Key Points

• TD lowered Dollarama’s price target to C$217 from C$227 but maintained a “buy” rating, implying 26.36% potential upside from the current price.
• Analyst sentiment remains favorable, with ten buy ratings and one hold; the consensus rating is “Moderate Buy” and the average price target is C$215.75.
• Dollarama reported quarterly revenue of C$2.03 billion and EPS of C$1.29, while its shares fell 1.6% to C$171.73 in Thursday trading.

Dollarama (TSE:DOL - Get Free Report) had its target price cut by TD from C$227.00 to C$217.00 in a research report issued on Thursday, BayStreet reports. The firm presently has a "buy" rating on the stock. TD's price target points to a potential upside of 26.36% from the stock's current price.

Other research analysts have also issued research reports about the stock. National Bank Financial lifted their price target on shares of Dollarama from C$209.00 to C$210.00 and gave the company an "outperform" rating in a research note on Thursday. Jefferies Financial Group increased their price objective on shares of Dollarama from C$200.00 to C$230.00 in a research report on Friday, June 12th. Scotiabank raised their price objective on shares of Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. Stifel Nicolaus upped their target price on shares of Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Finally, UBS Group lowered their target price on Dollarama from C$202.00 to C$190.00 in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$215.75.

Dollarama Trading Down 1.6%

TSE:DOL traded down C$2.83 on Thursday, reaching C$171.73. The company's stock had a trading volume of 374,421 shares, compared to its average volume of 705,607. Dollarama has a 1-year low of C$163.25 and a 1-year high of C$209.96. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57. The firm has a market cap of C$46.50 billion, a PE ratio of 35.34, a PEG ratio of 1.93 and a beta of 0.26. The business's 50-day moving average price is C$183.81 and its two-hundred day moving average price is C$181.89.

Dollarama (TSE:DOL - Get Free Report) last released its quarterly earnings results on Wednesday, September 16th. The company reported C$1.29 EPS for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The company had revenue of C$2.03 billion for the quarter. Equities research analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Key Stories Impacting Dollarama

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Strong Q2 results: Dollarama reported revenue of C$2.03 billion, up 17.6% year over year, while EPS rose 11% to C$1.29. The performance reflects continued demand from Canadian consumers seeking lower-priced goods. Dollarama: Q2 EPS up 11%
• Positive Sentiment: Raised fiscal 2027 outlook: Management increased its Canadian sales-growth expectations after the better-than-anticipated quarter, supported by traffic, consumables demand and consumers trading down amid inflation and economic uncertainty. Dollarama raises fiscal 2027 guidance after Q2 sales growth
• Positive Sentiment: Defensive retail positioning: Executives said shoppers are making more careful spending decisions, which may continue to benefit Dollarama’s value-focused stores if household budgets remain constrained. Dollarama expects higher sales as inflation-hit shoppers look for discounts

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.

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