Dollarama Inc. (OTCMKTS:DLMAF) Given Average Rating of “Buy” by Analysts

Shares of Dollarama Inc. (OTCMKTS:DLMAF) have been given an average rating of “Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and seven have issued a strong buy recommendation on the company.

A number of equities analysts recently issued reports on the company. National Bank Financial upgraded Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th. Zacks Research upgraded Dollarama to a “hold” rating in a report on Monday, March 16th. Canaccord Genuity Group upgraded Dollarama to a “hold” rating in a report on Tuesday, March 24th. Scotiabank upgraded Dollarama to a “strong-buy” rating in a report on Tuesday, March 24th. Finally, Jefferies Financial Group upgraded Dollarama to a “strong-buy” rating in a report on Wednesday, March 25th.

Dollarama Stock Performance

Shares of OTCMKTS DLMAF opened at $127.77 on Thursday. The company has a quick ratio of 0.31, a current ratio of 1.13 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $34.85 billion and a price-to-earnings ratio of 68.33. The stock’s fifty day simple moving average is $131.17 and its 200 day simple moving average is $137.59. Dollarama has a 52-week low of $112.41 and a 52-week high of $160.86.

Dollarama (OTCMKTS:DLMAF) last issued its earnings results on Tuesday, March 24th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Dollarama had a return on equity of 94.85% and a net margin of 18.05%. As a group, sell-side analysts forecast that Dollarama will post 3.71 earnings per share for the current fiscal year.

About Dollarama

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.