Dollarama Inc. (OTCMKTS:DLMAF) Receives Consensus Recommendation of “Buy” from Analysts

Dollarama Inc. (OTCMKTS:DLMAF) has been assigned a consensus recommendation of “Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and seven have issued a strong buy recommendation on the company.

Several analysts recently weighed in on the company. Wells Fargo & Company upgraded Dollarama to a “hold” rating in a research report on Tuesday, March 24th. Stifel Nicolaus upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Canaccord Genuity Group upgraded Dollarama to a “hold” rating in a research report on Tuesday, March 24th. BMO Capital Markets upgraded Dollarama to a “strong-buy” rating in a research report on Tuesday, March 24th. Finally, Scotiabank upgraded Dollarama to a “strong-buy” rating in a research report on Tuesday, March 24th.

Dollarama Price Performance

Shares of DLMAF stock opened at $128.06 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 3.17. Dollarama has a twelve month low of $112.41 and a twelve month high of $160.86. The company has a market cap of $34.71 billion and a P/E ratio of 68.48. The business has a fifty day simple moving average of $126.25 and a 200 day simple moving average of $137.22.

Dollarama (OTCMKTS:DLMAF) last announced its quarterly earnings data on Tuesday, March 24th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. Dollarama had a return on equity of 94.85% and a net margin of 18.05%.The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.52 billion. On average, sell-side analysts forecast that Dollarama will post 3.71 EPS for the current fiscal year.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.