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.

Analyst Ratings Changes

A number of research firms recently commented on DOL. Scotiabank raised their price objective on shares of Dollarama from C$79.00 to C$81.00 in a research note on Thursday, June 9th. National Bankshares lifted their price target on shares of Dollarama from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a research report on Thursday, June 9th. Royal Bank of Canada lifted their price target on shares of Dollarama from C$79.00 to C$81.00 and gave the stock an "outperform" rating in a research report on Thursday, June 9th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$80.50 to C$82.00 in a research report on Thursday, June 9th. Finally, TD Securities lifted their price target on shares of Dollarama from C$82.00 to C$86.00 and gave the stock a "buy" rating in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Dollarama has a consensus rating of "Moderate Buy" and a consensus price target of C$75.31.

Dollarama Stock Performance

Dollarama stock traded down C$0.45 during midday trading on Wednesday, reaching C$81.78. The business's 50-day simple moving average is C$75.99 and its 200-day simple moving average is C$71.75. Dollarama has a 12 month low of C$53.39 and a 12 month high of C$83.44. The company has a current ratio of 0.80, a quick ratio of 0.11 and a debt-to-equity ratio of 18,873.64. The company has a market cap of C$23.70 billion and a price-to-earnings ratio of 35.56.

Dollarama (TSE:DOL - Get Rating) last issued its earnings results on Wednesday, June 8th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.47 by C$0.02. The company had revenue of C$1.07 billion for the quarter, compared to analyst estimates of C$1.03 billion. As a group, equities analysts expect that Dollarama will post 3.11 EPS for the current fiscal year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 5th. Shareholders of record on Friday, July 8th were paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, July 7th. Dollarama's dividend payout ratio (DPR) is currently 8.97%.

Insider Buying and Selling at Dollarama

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