TD Securities Boosts Dollarama Inc (DOL) Price Target to C$150.00
Dollarama Inc (TSE:DOL) had its price objective raised by stock analysts at TD Securities from C$135.00 to C$150.00 in a research note issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 11.34% from the stock’s current price.
A number of other equities research analysts also recently commented on DOL. Raymond James Financial, Inc. upped their price objective on Dollarama from C$140.00 to C$143.00 in a report on Friday. CIBC upped their price objective on Dollarama from C$141.00 to C$157.00 in a report on Friday. Scotiabank upped their price objective on Dollarama from C$143.00 to C$162.00 and gave the company an “outperform” rating in a report on Friday. Barclays PLC upped their price objective on Dollarama from C$123.00 to C$130.00 in a report on Friday. Finally, National Bank Financial upped their price objective on Dollarama from C$140.00 to C$145.00 in a report on Friday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$143.67.
Dollarama (TSE:DOL) traded up 3.46% during trading on Friday, hitting $139.38. The company had a trading volume of 835,285 shares. Dollarama has a 12-month low of $93.27 and a 12-month high of $139.93. The company has a market capitalization of $15.83 billion and a price-to-earnings ratio of 36.09. The firm has a 50-day moving average of $122.65 and a 200 day moving average of $117.70.
Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, June 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $704.95 million during the quarter, compared to the consensus estimate of $712.60 million. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. On average, equities research analysts forecast that Dollarama will post $4.37 earnings per share for the current year.
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 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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