Dollarama Inc (DOL) Price Target Raised to C$145.00
Dollarama Inc (TSE:DOL) had its price objective boosted by stock analysts at National Bank Financial from C$140.00 to C$145.00 in a research note issued on Friday. National Bank Financial’s target price suggests a potential upside of 7.63% from the stock’s previous close.
A number of other brokerages have also recently commented on DOL. Scotiabank upped their price target on Dollarama from C$141.00 to C$143.00 and gave the company an “outperform” rating in a research note on Thursday, June 8th. Desjardins cut Dollarama from a “buy” rating to a “hold” rating and upped their price target for the company from C$120.00 to C$134.00 in a research note on Thursday, June 8th. CIBC upped their price target on Dollarama from C$125.00 to C$141.00 in a research note on Thursday, June 8th. TD Securities upped their price target on Dollarama from C$125.00 to C$135.00 in a research note on Thursday, June 8th. Finally, Raymond James Financial, Inc. upped their price target on Dollarama from C$135.00 to C$140.00 in a research note on Thursday, June 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$143.67.
Shares of Dollarama (TSE DOL) traded up 3.55% during trading on Friday, hitting $139.50. 974,445 shares of the stock traded hands. Dollarama has a 1-year low of $93.27 and a 1-year high of $139.93. The company has a 50 day moving average of $122.65 and a 200-day moving average of $117.70. The company has a market cap of $15.85 billion and a PE ratio of 36.12.
Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, June 7th. The company reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.03. The firm 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, equities analysts anticipate that Dollarama will post $4.37 EPS for the current fiscal year.
In related news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction that occurred 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 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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