Dollarama (TSE:DOL) Given a C$220.00 Price Target by BofA Analysts

Dollarama (TSE:DOL) has been assigned a C$220.00 price target by equities researchers at BofA in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. BofA’s target price would suggest a potential upside of 14.60% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Canaccord Genuity Group lifted their price objective on Dollarama from C$187.00 to C$204.00 in a research report on Friday. Sanford C. Bernstein decreased their target price on Dollarama from C$232.00 to C$227.00 in a research report on Tuesday, May 12th. Stifel Nicolaus boosted their target price on Dollarama from C$190.00 to C$215.00 in a research report on Friday. Royal Bank Of Canada set a C$223.00 target price on Dollarama and gave the company an “outperform” rating in a research report on Thursday, June 4th. Finally, TD boosted their target price on Dollarama from C$225.00 to C$227.00 and gave the company a “buy” rating in a research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$216.00.

Dollarama Trading Down 1.9%

Shares of DOL stock traded down C$3.78 during mid-day trading on Friday, hitting C$191.98. The company’s stock had a trading volume of 429,075 shares, compared to its average volume of 715,527. The company’s fifty day simple moving average is C$174.77 and its 200-day simple moving average is C$187.83. Dollarama has a 52 week low of C$166.00 and a 52 week high of C$209.96. 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 company has a market cap of C$52.26 billion, a PE ratio of 40.59, a P/E/G ratio of 1.93 and a beta of 0.37.

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

Dollarama News Roundup

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.