Raymond James Financial, Inc. Raises Dollarama Inc (DOL) Price Target to C$143.00
Dollarama Inc (TSE:DOL) had its target price hoisted by equities research analysts at Raymond James Financial, Inc. from C$140.00 to C$143.00 in a research report issued to clients and investors on Friday. Raymond James Financial, Inc.’s price target would indicate a potential upside of 6.15% from the company’s previous close.
A number of other brokerages have also commented on DOL. National Bank Financial raised their price objective on Dollarama from C$140.00 to C$145.00 in a research report on Friday. Barclays PLC raised their price objective on Dollarama from C$115.00 to C$121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 7th. Royal Bank Of Canada raised their price objective on Dollarama from C$133.00 to C$138.00 in a research report on Thursday, May 25th. Desjardins lowered Dollarama from a “buy” rating to a “hold” rating and raised their price objective for the stock from C$120.00 to C$134.00 in a research report on Thursday, June 8th. Finally, CIBC raised their price objective on Dollarama from C$125.00 to C$141.00 in a research report on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of C$143.67.
Shares of Dollarama (TSE DOL) traded up 3.46% on Friday, reaching $139.38. 835,285 shares of the company traded hands. Dollarama has a 52-week low of $93.27 and a 52-week high of $139.93. The firm has a 50-day moving average of $122.65 and a 200-day moving average of $117.70. The company has a market capitalization of $15.83 billion and a PE ratio of 36.09.
Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $704.95 million during the quarter, compared to analyst estimates of $712.60 million. On average, equities research analysts forecast that Dollarama will post $4.37 earnings per share for the current fiscal year.
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In other news, Director Nicolas Hien sold 1,750 shares of the firm’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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