Dollarama (TSE:DOL) Stock Rating Reaffirmed by Royal Bank of Canada

Last updated on Thursday, June 17, 2021 | 2021 MarketBeat

Dollarama (TSE:DOL)'s stock had its "outperform" rating restated by stock analysts at Royal Bank of Canada in a report issued on Thursday, Stock Target Advisor reports. They presently have a C$68.00 target price on the stock. Royal Bank of Canada's price objective would suggest a potential upside of 21.49% from the stock's current price.

A number of other research firms have also recently issued reports on DOL. National Bankshares lifted their target price on Dollarama from C$63.00 to C$65.00 and gave the company an "outperform" rating in a research report on Thursday, June 10th. Scotiabank decreased their price target on shares of Dollarama from C$64.00 to C$62.00 in a report on Thursday, June 10th. Barclays increased their price objective on shares of Dollarama from C$60.00 to C$62.00 and gave the company a "strong-buy" rating in a research note on Thursday, April 1st. National Bank Financial boosted their target price on shares of Dollarama to C$65.00 and gave the stock an "outperform" rating in a research note on Thursday, June 10th. Finally, CIBC reissued a "neutral" rating and set a C$62.00 target price on shares of Dollarama in a report on Wednesday, June 9th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of "Buy" and an average price target of C$61.33.

TSE:DOL traded up C$0.75 during mid-day trading on Thursday, reaching C$55.97. The stock had a trading volume of 35,156 shares, compared to its average volume of 775,609. Dollarama has a 12 month low of C$44.45 and a 12 month high of C$58.53. The stock has a market capitalization of C$17.37 billion and a PE ratio of 29.46. The company has a quick ratio of 0.06, a current ratio of 0.62 and a debt-to-equity ratio of 2,372.28. The business has a 50-day simple moving average of C$55.09.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, March 31st. The company reported C$0.56 earnings per share for the quarter, meeting the Zacks' consensus estimate of C$0.56. The business had revenue of C$1.10 billion during the quarter, compared to analyst estimates of C$1.10 billion. Sell-side analysts expect that Dollarama will post 2.5599999 earnings per share for the current fiscal year.

In related news, Director Gregory David sold 12,000 shares of the business's stock in a transaction on Thursday, April 8th. The shares were sold at an average price of C$55.74, for a total transaction of C$668,872.80. Also, Senior Officer Geoffrey Peter Robillard sold 68,754 shares of the stock in a transaction on Monday, April 12th. The stock was sold at an average price of C$57.06, for a total transaction of C$3,922,828.22. Following the transaction, the insider now directly owns 1,131,246 shares in the company, valued at C$64,544,371.78. In the last 90 days, insiders have sold 93,854 shares of company stock worth $5,341,419.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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