Dollarama - DOL Stock Forecast, Price & News

Dollarama Inc. operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of January 30, 2022, it operated 1,421 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc. in September 2009. Dollarama Inc. was founded in 1992 and is headquartered in Montreal, Canada.

Dollarama Stock Up 0.6 %

TSE:DOL opened at C$79.25 on Friday. The stock has a fifty day moving average of C$75.35 and a 200-day moving average of C$71.43. The stock has a market capitalization of C$22.97 billion and a P/E ratio of 34.46. Dollarama has a 52 week low of C$53.39 and a 52 week high of C$79.60. The company has a debt-to-equity ratio of 18,873.64, a quick ratio of 0.11 and a current ratio of 0.80.

Dollarama (TSE:DOL - Get Rating) last posted its quarterly earnings results on Wednesday, June 8th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.47 by C$0.02. The company had revenue of C$1.07 billion during the quarter, compared to the consensus estimate of C$1.03 billion. On average, equities research analysts forecast that Dollarama will post 3.11 EPS for the current year.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 5th. Stockholders of record on Friday, July 8th were given a $0.055 dividend. The ex-dividend date was Thursday, July 7th. This represents a $0.22 annualized dividend and a dividend yield of 0.28%. Dollarama's dividend payout ratio is currently 8.97%.

Analyst Ratings Changes

A number of research firms recently weighed in on DOL. Scotiabank raised their price target on Dollarama from C$79.00 to C$81.00 in a report on Thursday, June 9th. National Bankshares raised their price target on Dollarama from C$75.00 to C$77.00 and gave the company an "outperform" rating in a report on Thursday, June 9th. CIBC raised their price target on Dollarama from C$74.00 to C$76.00 and gave the company a "neutral" rating in a report on Thursday, June 9th. Industrial Alliance Securities cut Dollarama to a "hold" rating and set a C$76.00 price target for the company. in a report on Thursday, June 9th. Finally, Royal Bank of Canada raised their price target on Dollarama from C$79.00 to C$81.00 and gave the company an "outperform" rating in a report on Thursday, June 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$75.00.

Insider Transactions at Dollarama

In other news, Director Josée Kouri sold 1,800 shares of the firm's stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of C$74.30, for a total value of C$133,740.00. Following the transaction, the director now directly owns 6,954 shares in the company, valued at approximately C$516,682.20.