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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Dollarama, with nine buy ratings, one strong buy and two holds. The average 12-month price target is C$216.00.
• Recent broker actions were broadly positive, including raised targets from Stifel Nicolaus to C$215 and BMO Capital Markets to C$221; RBC, Bank of America and others also assigned buy or outperform ratings.
• Dollarama reported quarterly revenue of C$1.85 billion and earnings of C$1.11 per share, while announcing a quarterly dividend of C$0.12, equivalent to a 0.2% yield and a 9% payout ratio.

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$216.00.

Several research analysts have weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Dollarama from C$190.00 to C$215.00 in a research note on Friday, June 12th. Royal Bank Of Canada set a C$223.00 target price on Dollarama and gave the company an "outperform" rating in a research note on Thursday, June 4th. BMO Capital Markets lifted their price target on Dollarama from C$210.00 to C$221.00 in a report on Friday, June 12th. Sanford C. Bernstein lowered their price target on Dollarama from C$232.00 to C$227.00 in a research note on Tuesday, May 12th. Finally, Bank of America set a C$220.00 price objective on Dollarama and gave the stock a "buy" rating in a report on Friday, June 12th.

Dollarama Trading Down 0.3%

Shares of TSE DOL opened at C$192.31 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20. Dollarama has a one year low of C$166.00 and a one year high of C$209.96. The business has a 50-day moving average price of C$188.16 and a two-hundred day moving average price of C$184.10. The firm has a market capitalization of C$52.07 billion, a PE ratio of 39.57, a PEG ratio of 1.93 and a beta of 0.33.

Dollarama (TSE:DOL - Get Free Report) last issued its 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 return on equity of 95.90% and a net margin of 17.65%. As a group, analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, July 10th. Dollarama's payout ratio is currently 9.00%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source