Desjardins Issues Optimistic Forecast for Dollarama Earnings

Dollarama Inc. (TSE:DOL - Free Report) - Investment analysts at Desjardins boosted their FY2026 earnings per share estimates for shares of Dollarama in a note issued to investors on Thursday, June 12th. Desjardins analyst C. Li now forecasts that the company will earn $4.56 per share for the year, up from their previous forecast of $4.50. Desjardins has a "Buy" rating and a $185.00 price objective on the stock. The consensus estimate for Dollarama's current full-year earnings is $5.33 per share. Desjardins also issued estimates for Dollarama's FY2027 earnings at $5.09 EPS.

A number of other equities analysts also recently issued reports on DOL. TD Securities increased their price target on Dollarama from C$185.00 to C$210.00 and gave the stock a "buy" rating in a research report on Thursday. Scotiabank increased their price target on Dollarama from C$175.00 to C$210.00 in a research report on Thursday. National Bank Financial raised Dollarama from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 27th. National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. Finally, Royal Bank of Canada increased their price target on Dollarama from C$190.00 to C$207.00 in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$186.36.

Dollarama Trading Down 0.8%

Dollarama stock traded down C$1.60 during mid-day trading on Friday, hitting C$192.14. The company's stock had a trading volume of 457,438 shares, compared to its average volume of 719,582. The company has a 50 day moving average of C$171.95 and a 200-day moving average of C$153.70. The stock has a market cap of C$53.10 billion, a PE ratio of 48.94, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a one year low of C$121.35 and a one year high of C$196.46.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were paid a dividend of $0.1058 per share. This is a boost from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date was Thursday, April 17th. Dollarama's dividend payout ratio is 9.42%.

Insider Buying and Selling

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Insiders sold 33,481 shares of company stock worth $5,508,667 in the last three months. 2.23% of the stock is owned by insiders.

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.