BMO Capital Markets Increases Dollarama Inc (DOL) Price Target to C$150.00
Dollarama Inc (TSE:DOL) had its price objective raised by stock analysts at BMO Capital Markets from C$141.00 to C$150.00 in a report issued on Friday. BMO Capital Markets’ target price points to a potential upside of 11.34% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. CIBC increased their target price on Dollarama from C$141.00 to C$157.00 in a research note on Friday. Raymond James Financial, Inc. raised their price objective on Dollarama from C$140.00 to C$143.00 in a research note on Friday. TD Securities raised their price objective on Dollarama from C$125.00 to C$135.00 in a research note on Thursday, June 8th. Royal Bank Of Canada raised their price objective on Dollarama from C$133.00 to C$138.00 in a research note on Thursday, May 25th. Finally, National Bank Financial raised their price objective on Dollarama from C$140.00 to C$145.00 in a research note on Friday. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Dollarama has a consensus rating of “Buy” and an average price target of C$143.67.
Shares of Dollarama (DOL) traded up 3.46% on Friday, reaching $139.38. 835,285 shares of the company were exchanged. The company has a 50-day moving average price of $122.65 and a 200 day moving average price of $117.70. Dollarama has a 1-year low of $93.27 and a 1-year high of $139.93. The stock has a market capitalization of $15.83 billion and a PE ratio of 36.09.
Dollarama (TSE:DOL) last released its earnings results on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The company had revenue of $704.95 million during the quarter, compared to analysts’ expectations of $712.60 million. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. On average, analysts forecast that Dollarama will post $4.37 EPS for the current fiscal year.
In other Dollarama news, Director Nicolas Hien sold 1,750 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of C$122.83, for a total value 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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