Dollarama Inc (DOL) Receives Consensus Rating of “Buy” from Brokerages

Dollarama Inc (TSE:DOL) has been given an average rating of “Buy” by the twelve analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$161.42.

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$155.00 target price on shares of Dollarama in a report on Monday, October 16th. National Bank Financial upped their price target on Dollarama from C$160.00 to C$161.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Canaccord Genuity upped their price target on Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. Desjardins lowered Dollarama from a “buy” rating to a “hold” rating and set a C$165.00 price target on the stock. in a research report on Thursday. Finally, Wells Fargo & Co assumed coverage on Dollarama in a research report on Friday, November 3rd. They issued a “market perform” rating and a C$150.00 price target on the stock.

In related news, insider Geoffrey Peter Robillard sold 15,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of C$162.91, for a total transaction of C$2,443,650.00. Also, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of C$164.46, for a total value of C$328,920.00. Insiders sold a total of 29,509 shares of company stock worth $4,749,838 in the last quarter.

Dollarama (TSE DOL) opened at C$149.33 on Friday. Dollarama has a fifty-two week low of C$97.00 and a fifty-two week high of C$170.00. The stock has a market capitalization of $16,600.00, a PE ratio of 34.33 and a beta of 0.42.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, December 6th. The company reported C$1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.12 by C$0.03. The firm had revenue of C$810.58 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th were given a $0.11 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.29%. Dollarama’s dividend payout ratio (DPR) is presently 9.89%.

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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.

Analyst Recommendations for Dollarama (TSE:DOL)

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