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

Shares of Dollarama Inc. (TSE:DOL) have received an average rating of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-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 subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce raised their price objective on shares of Dollarama from C$202.00 to C$228.00 in a research report on Friday, June 12th. Scotiabank boosted their target price on Dollarama from C$200.00 to C$220.00 in a research report on Friday, June 12th. TD boosted their target price on Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a research report on Friday, June 12th. Royal Bank Of Canada set a C$223.00 target price on Dollarama and gave the stock an “outperform” rating in a research note on Thursday, June 4th. Finally, Jefferies Financial Group raised their price target on Dollarama from C$200.00 to C$230.00 in a report on Friday, June 12th.

Dollarama Stock Up 1.8%

Shares of Dollarama stock opened at C$184.68 on Monday. Dollarama has a one year low of C$166.00 and a one year high of C$209.96. The company has a market cap of C$50.01 billion, a P/E ratio of 38.00, a PEG ratio of 1.93 and a beta of 0.32. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57. The firm has a fifty day moving average of C$183.67 and a two-hundred day moving average of C$184.82.

Dollarama (TSE:DOL) last issued its earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. The business had revenue of C$1.85 billion for the quarter. On average, analysts forecast that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 7th. Shareholders of record on Friday, August 7th will be given a $0.12 dividend. The ex-dividend date is Friday, July 10th. This represents a $0.48 annualized dividend and a yield of 0.3%. 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.