Dollarama Inc. (TSE:DOL) Stock Has Average Target Price of C$216.06 According to Analysts

Key Points

• Analyst sentiment is bullish: Twelve analysts give Dollarama a consensus “Moderate Buy” rating, with eleven buys and one hold. The average 12-month price target is C$216.06.
• Strong recent financial performance: Dollarama reported quarterly revenue of C$2.03 billion and EPS of C$1.29, alongside a 17.32% net margin and 97.52% return on equity.
• Shareholders will receive a dividend: The company declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually and a 0.2% yield, with a 9.07% payout ratio.

Dollarama Inc. (TSE:DOL - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$216.06.

A number of research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Dollarama from C$223.00 to C$225.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th. UBS Group decreased their target price on Dollarama from C$202.00 to C$190.00 in a research report on Monday, September 14th. Desjardins lowered their price target on Dollarama from C$215.00 to C$210.00 and set a "buy" rating on the stock in a research note on Thursday, September 17th. National Bank Financial boosted their price target on Dollarama from C$209.00 to C$210.00 and gave the company an "outperform" rating in a research note on Thursday, September 17th. Finally, Scotiabank cut their price target on Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st.

Dollarama Price Performance

TSE:DOL opened at C$204.08 on Wednesday. The stock has a market cap of C$54.77 billion, a P/E ratio of 40.98, a PEG ratio of 1.93 and a beta of 0.34. Dollarama has a one year low of C$163.25 and a one year high of C$209.96. The company has a fifty day moving average price of C$185.22 and a 200 day moving average price of C$185.18. The company has a debt-to-equity ratio of 399.63, a current ratio of 1.55 and a quick ratio of 0.08.

Dollarama (TSE:DOL - Get Free Report) last posted its quarterly 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 company had revenue of C$2.03 billion for the quarter. Analysts anticipate that Dollarama will post 5.33 earnings per share for the current year.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 9th. Dollarama's dividend payout ratio (DPR) is presently 9.07%.

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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