Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$203.31.

DOL has been the subject of several research analyst reports. Royal Bank Of Canada reduced their price target on shares of Dollarama from C$225.00 to C$223.00 in a research report on Wednesday, March 25th. National Bank Financial cut their price objective on shares of Dollarama from C$225.00 to C$198.00 and set an “outperform” rating for the company in a report on Wednesday, March 25th. Canaccord Genuity Group cut their price objective on shares of Dollarama from C$207.00 to C$187.00 in a report on Wednesday, March 25th. Scotiabank cut their price objective on shares of Dollarama from C$220.00 to C$200.00 in a report on Wednesday, March 25th. Finally, BMO Capital Markets cut their price objective on shares of Dollarama from C$222.00 to C$210.00 in a report on Wednesday, March 25th.

Dollarama Stock Up 0.6%

DOL opened at C$176.30 on Friday. Dollarama has a twelve month low of C$166.00 and a twelve month high of C$209.96. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61. The company has a 50-day moving average price of C$173.79 and a 200 day moving average price of C$188.79. The company has a market cap of C$48.00 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 1.93 and a beta of 0.40.

Dollarama (TSE:DOL) last released its quarterly earnings results on Tuesday, March 24th. The company reported C$1.43 earnings per share for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The firm had revenue of C$2.10 billion during the quarter. Sell-side analysts expect that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 8th were issued a $0.12 dividend. The ex-dividend date was Friday, April 17th. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. Dollarama’s dividend payout ratio is presently 8.95%.

Dollarama Company Profile

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.