Dollarama Inc. (TSE:DOL) Given Consensus Rating of "Buy" by Analysts

Key Points

• Analysts rate Dollarama a consensus “Buy”: Ten of 12 analysts recommend buying the stock, one rates it a hold and one gives it a strong buy. The average 12-month price target is C$216.56.
• Several brokerages raised their price targets, including CIBC to C$228, TD to C$227 and Scotiabank to C$220.
• Dollarama reported quarterly EPS of C$1.11 on revenue of C$1.85 billion and announced a quarterly dividend of C$0.12, equivalent to an annualized yield of approximately 0.3%.

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have received an average recommendation of "Buy" from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$216.56.

DOL has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Scotiabank lifted their target price on Dollarama from C$200.00 to C$220.00 in a research note on Friday, June 12th. Canadian Imperial Bank of Commerce boosted their target price on shares of Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. National Bank Financial increased their price target on shares of Dollarama from C$203.00 to C$209.00 in a research report on Friday, June 12th. Finally, 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 report on Friday, June 12th.

Dollarama Price Performance

DOL opened at C$177.21 on Tuesday. The stock has a market cap of C$47.98 billion, a P/E ratio of 36.46, a PEG ratio of 1.93 and a beta of 0.26. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20. The business has a fifty day moving average of C$186.18 and a 200 day moving average of C$183.18.

Dollarama (TSE:DOL - Get Free Report) last released its quarterly earnings data 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 return on equity of 95.90% and a net margin of 17.65%. As a group, sell-side analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date was Friday, July 10th. Dollarama's dividend payout ratio (DPR) is 9.00%.

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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