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

Dollarama Inc. (TSE:DOL) has been given an average recommendation of “Moderate Buy” by the twelve ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$216.00.

Several equities analysts have recently issued reports on DOL shares. Sanford C. Bernstein decreased their target price on Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. TD increased their price target on shares of Dollarama from C$225.00 to C$227.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 price objective on shares of Dollarama and gave the stock an “outperform” rating in a research note on Thursday, June 4th. BMO Capital Markets boosted their price objective on shares of Dollarama from C$210.00 to C$221.00 in a report on Friday, June 12th. Finally, UBS Group lowered their target price on shares of Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th.

Dollarama Price Performance

TSE:DOL opened at C$190.87 on Monday. The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20. Dollarama has a 12-month low of C$166.00 and a 12-month high of C$209.96. The stock’s fifty day simple moving average is C$182.34 and its 200-day simple moving average is C$185.37. The firm has a market capitalization of C$51.68 billion, a P/E ratio of 39.27, a P/E/G ratio of 1.93 and a beta of 0.32.

Dollarama (TSE:DOL) last released 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 business had revenue of C$1.85 billion during the quarter. Equities research analysts expect that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 7th. Stockholders of record on Friday, August 7th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $0.48 annualized dividend and a dividend yield of 0.3%. Dollarama’s payout ratio is 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.