Dollarama (TSE:DOL) Price Target Raised to C$230.00 at Jefferies Financial Group

Dollarama (TSE:DOL) had its target price increased by Jefferies Financial Group from C$200.00 to C$230.00 in a report released on Friday,BayStreet.CA reports. Jefferies Financial Group’s price objective would indicate a potential upside of 19.80% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada set a C$223.00 price objective on shares of Dollarama and gave the company an “outperform” rating in a report on Thursday, June 4th. TD Securities reduced their target price on shares of Dollarama from C$235.00 to C$225.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Canadian Imperial Bank of Commerce upped their target price on shares of Dollarama from C$202.00 to C$228.00 in a report on Friday. UBS Group reduced their target price on shares of Dollarama from C$210.00 to C$191.00 in a report on Wednesday, March 25th. Finally, Canaccord Genuity Group upped their target price on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Dollarama has an average rating of “Moderate Buy” and an average price target of C$216.00.

Dollarama Stock Performance

Shares of DOL traded down C$3.78 during mid-day trading on Friday, hitting C$191.98. 429,075 shares of the company traded hands, compared to its average volume of 715,527. The company has a debt-to-equity ratio of 370.61, a quick ratio of 0.08 and a current ratio of 1.13. The stock has a 50-day moving average price of C$174.77 and a two-hundred day moving average price of C$187.83. Dollarama has a 1 year low of C$166.00 and a 1 year high of C$209.96. The stock has a market cap of C$52.26 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 1.93 and a beta of 0.37.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The firm had revenue of C$1.85 billion during the quarter. Equities analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

More Dollarama News

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

Dollarama Company Profile

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.