Dollarama Inc (DOL) Lifted to “Buy” at Desjardins
Dollarama Inc (TSE:DOL) was upgraded by equities research analysts at Desjardins from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The firm currently has a C$154.00 target price on the stock, up from their previous target price of C$134.00. Desjardins’ price target suggests a potential upside of 14.31% from the company’s previous close.
A number of other equities analysts have also recently commented on the stock. Eight Capital lifted their price target on shares of Dollarama from C$140.00 to C$150.00 in a research note on Friday. Raymond James Financial, Inc. lifted their price target on shares of Dollarama from C$140.00 to C$143.00 in a research note on Friday. CIBC lifted their price target on shares of Dollarama from C$141.00 to C$157.00 in a research note on Friday. National Bank Financial lifted their price target on shares of Dollarama from C$140.00 to C$145.00 in a research note on Friday. Finally, TD Securities lifted their price target on shares of Dollarama from C$125.00 to C$135.00 in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of C$143.67.
Dollarama (DOL) traded up 3.46% during mid-day trading on Friday, hitting $139.38. 835,285 shares of the stock were exchanged. Dollarama has a 52 week low of $93.27 and a 52 week high of $139.93. The firm has a market capitalization of $15.83 billion and a price-to-earnings ratio of 36.09. The company’s 50-day moving average price is $122.65 and its 200 day moving average price is $117.70.
Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Dollarama had a net margin of 13.43% and a return on equity of 559.12%. The firm had revenue of $704.95 million during the quarter, compared to analysts’ expectations of $712.60 million. Equities research analysts expect that Dollarama will post $4.37 EPS for the current year.
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In other Dollarama news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of C$122.83, for a total value of C$214,952.50.
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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