Dollarama (TSE:DOL) PT Lowered to C$50.00 at BMO Capital Markets

Dollarama (TSE:DOL) had its target price decreased by equities researchers at BMO Capital Markets from C$52.00 to C$50.00 in a note issued to investors on Thursday, BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 10.94% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada upped their target price on shares of Dollarama from C$53.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, September 13th. TD Securities boosted their price target on Dollarama from C$49.00 to C$50.00 and gave the company a “hold” rating in a research report on Friday, September 13th. CIBC upped their price objective on Dollarama from C$48.00 to C$50.00 in a research note on Friday, September 13th. Finally, Desjardins reaffirmed a “hold” rating on shares of Dollarama in a research report on Thursday, November 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of C$48.10.

Shares of DOL stock traded up C$0.37 during trading hours on Thursday, hitting C$45.07. The stock had a trading volume of 1,231,191 shares, compared to its average volume of 760,300. The firm has a market capitalization of $15.41 billion and a PE ratio of 26.13. The stock’s 50 day moving average is C$46.65 and its 200 day moving average is C$47.33. Dollarama has a twelve month low of C$30.70 and a twelve month high of C$52.12.

Dollarama (TSE:DOL) last released its quarterly earnings results on Thursday, September 12th. The company reported C$0.45 EPS for the quarter, missing the consensus estimate of C$0.47 by C($0.02). The company had revenue of C$946.41 million for the quarter, compared to analysts’ expectations of C$935.70 million. On average, research analysts expect that Dollarama will post 2.0999999 EPS for the current year.

In related news, Director John Assaly sold 32,000 shares of Dollarama stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of C$45.08, for a total value of C$1,442,560.00. Following the sale, the director now directly owns 7,526 shares in the company, valued at C$339,272.08. Also, Senior Officer Michael Ross sold 117,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of C$47.75, for a total value of C$5,586,714.90. Following the transaction, the insider now directly owns 1,400 shares in the company, valued at approximately C$66,849.58.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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