Dollarama Inc. (TSE:DOL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$216.00.

DOL has been the topic of a number of analyst reports. Scotiabank upped their price target on Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. TD Securities reduced 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. Canaccord Genuity Group upped their price target on Dollarama from C$187.00 to C$204.00 in a research report on Friday, June 12th. Sanford C. Bernstein reduced their price target on Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. Finally, Royal Bank Of Canada set a C$223.00 price target on Dollarama and gave the company an “outperform” rating in a research report on Thursday, June 4th.

Dollarama Trading Up 3.2%

TSE DOL opened at C$192.17 on Thursday. The business’s 50-day moving average price is C$177.26 and its two-hundred day moving average price is C$187.09. Dollarama has a 12 month low of C$166.00 and a 12 month high of C$209.96. The firm has a market capitalization of C$52.04 billion, a PE ratio of 39.54, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20.

Dollarama (TSE:DOL) last released its quarterly earnings results 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 for the quarter. On average, analysts expect that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 8th were given a dividend of $0.12 per share. The ex-dividend date was Friday, April 17th. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. Dollarama’s dividend payout ratio is presently 9.00%.

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.