Desjardins Comments on Dollarama Inc’s FY2019 Earnings (DOL)
Dollarama Inc (TSE:DOL) – Stock analysts at Desjardins decreased their FY2019 earnings per share (EPS) estimates for shares of Dollarama in a note issued to investors on Thursday. Desjardins analyst K. Howlett now forecasts that the company will earn $5.16 per share for the year, down from their previous forecast of $5.19.
Several other research analysts also recently weighed in on the company. Wells Fargo & Company assumed coverage on Dollarama in a research note on Friday, November 3rd. They set a “market perform” rating and a C$150.00 target price for the company. Raymond James Financial boosted their price target on Dollarama from C$140.00 to C$143.00 in a research report on Friday, September 8th. Royal Bank Of Canada boosted their price target on Dollarama from C$143.00 to C$161.00 in a research report on Friday, November 24th. BMO Capital Markets reiterated an “outperform” rating and set a C$155.00 price target on shares of Dollarama in a research report on Monday, October 16th. Finally, Eight Capital boosted their price target on Dollarama from C$140.00 to C$150.00 in a research report on Friday, September 8th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Dollarama presently has an average rating of “Buy” and a consensus target price of C$161.42.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, January 4th. Dollarama’s dividend payout ratio is presently 9.66%.
In related news, insider Geoffrey Peter Robillard sold 5,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of C$133.99, for a total transaction of C$669,950.00.
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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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