Dollarama Inc (DOL) Given Average Rating of “Buy” by Brokerages
Dollarama Inc (TSE:DOL) has been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$134.00.
Several research firms have recently issued reports on DOL. TD Securities restated a “buy” rating and set a C$115.00 price objective on shares of Dollarama in a report on Monday, March 27th. Raymond James Financial, Inc. raised their price objective on Dollarama from C$135.00 to C$140.00 in a report on Thursday, June 8th. Royal Bank Of Canada raised their price objective on Dollarama from C$138.00 to C$139.00 and gave the stock an “outperform” rating in a report on Thursday, June 8th. Canaccord Genuity raised their price objective on Dollarama from C$122.00 to C$140.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, BMO Capital Markets raised their price objective on Dollarama from C$122.00 to C$141.00 and gave the stock an “outperform” rating in a report on Tuesday, June 6th.
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Dollarama (TSE:DOL) opened at 123.00 on Tuesday. The firm’s 50-day moving average price is $124.04 and its 200-day moving average price is $112.10. The firm has a market cap of $13.97 billion and a price-to-earnings ratio of 31.85. Dollarama has a 1-year low of $92.16 and a 1-year high of $132.34.
Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. The company had revenue of $704.95 million during the quarter, compared to the consensus estimate of $712.60 million. On average, equities research analysts anticipate that Dollarama will post $4.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, August 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, July 5th.
In other Dollarama news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of C$122.83, for a total transaction of C$214,952.50.
Dollarama Company Profile
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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