Dollarama Inc. (TSE:DOL) Stock Has Consensus Price Target of C$216.06

Shares of Dollarama Inc. (TSE:DOL) have received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$216.06.

DOL has been the subject of a number of research analyst reports. UBS Group reduced their target price on Dollarama from C$202.00 to C$190.00 in a research note on Monday, September 14th. Desjardins dropped their target price on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Scotiabank lowered their target price on shares of Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. National Bank Financial raised their price target on Dollarama from C$209.00 to C$210.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Finally, Ventum Capital raised their price target on shares of Dollarama from C$225.00 to C$231.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st.

Dollarama Stock Performance

DOL opened at C$207.50 on Wednesday. Dollarama has a 12-month low of C$163.25 and a 12-month high of C$209.96. The stock’s 50 day moving average price is C$186.23 and its two-hundred day moving average price is C$185.26. The company has a quick ratio of 0.08, a current ratio of 1.55 and a debt-to-equity ratio of 399.63. The firm has a market capitalization of C$55.69 billion, a P/E ratio of 41.67, a price-to-earnings-growth ratio of 1.93 and a beta of 0.34.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The firm had revenue of C$2.03 billion for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. On average, equities analysts forecast that Dollarama will post 5.33 earnings per share for the current year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, November 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Friday, October 9th. Dollarama’s payout ratio is currently 9.07%.

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.