Dollarama (OTCMKTS:DLMAF) Shares Down 6.8% - Here's What Happened

Key Points

• Dollarama shares fell 6.8% to $149.94 on Tuesday, trading as low as $149.94 on just 110 shares — far below the average session volume of 37,284.
• Analysts remain bullish with a consensus "Buy" rating (eight analysts), including recent reiterations of "outperform"/"buy" from major firms.
• The company recently beat expectations, reporting quarterly EPS of $0.84 vs. $0.79 expected and revenue of $1.36 billion vs. $1.35 billion estimated.

Dollarama Inc. (OTCMKTS:DLMAF - Get Free Report) shares traded down 6.8% on Tuesday . The company traded as low as $149.94 and last traded at $149.94. 110 shares changed hands during trading, a decline of 100% from the average session volume of 37,284 shares. The stock had previously closed at $160.86.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DLMAF shares. CIBC reiterated an "outperform" rating on shares of Dollarama in a research note on Friday, December 12th. TD Securities reiterated a "buy" rating on shares of Dollarama in a research report on Friday, December 12th. National Bankshares restated an "outperform" rating on shares of Dollarama in a research note on Thursday, December 4th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Dollarama in a report on Friday, November 28th. Finally, Scotiabank reissued an "outperform" rating on shares of Dollarama in a report on Friday, December 12th. Eight equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Dollarama Trading Down 0.6%

The business has a 50-day moving average price of $139.92 and a 200 day moving average price of $137.61.

Dollarama (OTCMKTS:DLMAF - Get Free Report) last announced its earnings results on Thursday, December 11th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.05. The business had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.35 billion.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.

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.