Dollarama Inc. (TSE:DOL) Stock Has Consensus Price Target of C$215.12 According to Analysts

Key Points

• Analyst sentiment is positive: Eleven brokerages give Dollarama a consensus “Moderate Buy” rating, with ten buys and one hold. The average 12-month price target is C$215.12, above the reported opening price of C$183.95.
• Recent target changes were generally favorable, including RBC’s increase to C$225 and BMO’s increase to C$221, although TD lowered its target to C$217.
• Dollarama reported quarterly EPS of C$1.29 and revenue of C$2.03 billion, alongside a 17.32% net margin. The company also declared a quarterly dividend of C$0.12, equivalent to a 0.3% annualized yield.

Dollarama Inc. (TSE:DOL - Get Free Report) has received an average rating of "Moderate Buy" from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$215.12.

A number of analysts recently issued reports on the stock. National Bank Financial raised their target price on shares of Dollarama from C$209.00 to C$210.00 and gave the stock an "outperform" rating in a research report on Thursday, September 17th. BMO Capital Markets boosted their price target on Dollarama from C$210.00 to C$221.00 in a report on Friday, June 12th. Bank of America set a C$220.00 price target on Dollarama and gave the stock a "buy" rating in a research note on Friday, June 12th. TD decreased their price objective on Dollarama from C$227.00 to C$217.00 and set a "buy" rating on the stock in a report on Thursday, September 17th. Finally, Royal Bank Of Canada lifted their price objective on Dollarama from C$223.00 to C$225.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th.

Dollarama Price Performance

Dollarama stock opened at C$183.95 on Friday. Dollarama has a 12-month low of C$163.25 and a 12-month high of C$209.96. The stock has a market capitalization of C$49.37 billion, a P/E ratio of 36.94, a P/E/G ratio of 1.93 and a beta of 0.26. The firm's 50-day moving average is C$182.48 and its two-hundred day moving average is C$180.62. 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 issued its quarterly earnings results on Wednesday, September 16th. The company reported C$1.29 EPS for the quarter. The business had revenue of C$2.03 billion during the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. Equities analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, November 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. 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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