Dollarama Inc (DOL) Price Target Raised to C$145.00 at National Bank Financial
Dollarama Inc (TSE:DOL) had its price target increased by National Bank Financial from C$140.00 to C$145.00 in a research report report published on Friday morning. National Bank Financial also issued estimates for Dollarama’s Q3 2018 earnings at $1.08 EPS, Q4 2018 earnings at $1.43 EPS, FY2018 earnings at $4.47 EPS, Q1 2019 earnings at $0.92 EPS, Q2 2019 earnings at $1.31 EPS, Q3 2019 earnings at $1.23 EPS, Q4 2019 earnings at $1.59 EPS and FY2019 earnings at $5.05 EPS.
Several other research firms also recently issued reports on DOL. Barclays PLC upped their price objective on Dollarama from C$115.00 to C$121.00 and gave the company an equal weight rating in a research note on Wednesday, June 7th. Royal Bank Of Canada upped their price objective on Dollarama from C$133.00 to C$138.00 in a research note on Thursday, May 25th. Desjardins downgraded Dollarama from a buy rating to a hold rating and upped their price objective for the company from C$120.00 to C$134.00 in a research note on Thursday, June 8th. CIBC upped their price objective on Dollarama from C$125.00 to C$141.00 in a research note on Thursday, June 8th. Finally, Scotiabank increased their target price on shares of Dollarama from C$141.00 to C$143.00 and gave the company an outperform rating in a research report on Thursday, June 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$143.67.
Shares of Dollarama (TSE:DOL) traded up 3.55% on Friday, hitting $139.50. 974,445 shares of the stock traded hands. Dollarama has a 1-year low of $93.27 and a 1-year high of $139.93. The stock has a 50 day moving average of $123.14 and a 200-day moving average of $117.86. The stock has a market cap of $15.85 billion and a PE ratio of 36.12.
Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, June 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. The company had revenue of $704.95 million during the quarter, compared to the consensus estimate of $712.60 million. On average, equities research analysts expect that Dollarama will post $4.37 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Friday, October 6th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Thursday, October 5th.
In related news, Director Nicolas Hien sold 1,750 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of C$122.83, for a total value of C$214,952.50.
Dollarama Company Profile
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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