Canaccord Genuity Group Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its target price raised by Canaccord Genuity Group from C$187.00 to C$204.00 in a research note released on Friday,BayStreet.CA reports.

DOL has been the topic of several other reports. Wells Fargo & Company cut their target price on Dollarama from C$195.00 to C$185.00 in a research report on Wednesday, March 25th. Sanford C. Bernstein cut their price target on Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. TD Securities cut their price target on Dollarama from C$235.00 to C$225.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Scotiabank cut their price target on Dollarama from C$220.00 to C$200.00 in a research report on Wednesday, March 25th. Finally, Canadian Imperial Bank of Commerce raised Dollarama from a “hold” rating to an “outperform” rating and cut their price target for the stock from C$212.00 to C$202.00 in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and an average target price of C$216.00.

Dollarama Stock Down 2.5%

Dollarama stock opened at C$190.94 on Friday. The business has a fifty day moving average of C$175.16 and a two-hundred day moving average of C$187.85. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 234.39. The firm has a market cap of C$51.98 billion, a P/E ratio of 40.37, a P/E/G ratio of 1.93 and a beta of 0.37. Dollarama has a twelve month low of C$166.00 and a twelve month high of C$209.96.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 EPS for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The firm had revenue of C$1.85 billion during the quarter. On average, analysts forecast that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, April 17th. Dollarama’s payout ratio is presently 8.95%.

More Dollarama News

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Several analysts raised their price targets on Dollarama after its quarterly results, with TD, BofA, Jefferies, CIBC, Scotiabank, BMO, Desjardins, National Bank Financial, Stifel, and Canaccord all lifting targets to levels above the current share price. The updated targets generally imply meaningful upside and reinforce a bullish view on the company’s earnings momentum. Article Title
• Positive Sentiment: Dollarama’s Q1 2027 results beat expectations, with EPS of C$1.11 on revenue of C$1.85 billion, highlighting steady demand for low-priced essentials and strong sales growth despite a cautious consumer backdrop. Article Title
• Positive Sentiment: Management said the quarter was “smooth” and reiterated resilience in the business, with sales reportedly surging over 20% as shoppers continued trading down to discount essentials. Article Title
• Neutral Sentiment: Broader TSX headlines noted Dollarama was helping lead index gains, suggesting investor interest in the name remains high after earnings, but this is more a reflection of market leadership than a new company-specific catalyst. Article Title

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.