Shares of Dollarama Inc (TSE:DOL) have been given a consensus recommendation of “Buy” by the eleven research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$48.14.
DOL has been the topic of several research analyst reports. Royal Bank of Canada cut their price objective on Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. National Bank Financial boosted their target price on Dollarama from C$39.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 20th. Raymond James reissued an “outperform” rating and set a C$42.00 target price on shares of Dollarama in a research note on Thursday, March 21st. Canaccord Genuity lowered their target price on Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. Finally, BMO Capital Markets lowered their target price on Dollarama from C$37.00 to C$35.00 in a research note on Friday, March 29th.
Shares of DOL stock traded down C$0.30 on Tuesday, hitting C$44.87. The stock had a trading volume of 201,931 shares, compared to its average volume of 840,779. The firm has a market capitalization of $14.12 billion and a price-to-earnings ratio of 26.48. Dollarama has a 1 year low of C$30.70 and a 1 year high of C$53.20. The firm has a 50 day moving average of C$43.11.
Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, March 28th. The company reported C$0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.55 by C($0.01). The company had revenue of C$1.06 billion during the quarter, compared to analysts’ expectations of C$1.04 billion. As a group, analysts expect that Dollarama will post 2.0827065 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 12th will be paid a dividend of $0.044 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.18 annualized dividend and a yield of 0.39%. Dollarama’s payout ratio is 9.68%.
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
Further Reading: How Do Investors Open a Backdoor Roth IRA?
Receive News & Ratings for Dollarama Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama and related companies with MarketBeat.com's FREE daily email newsletter.