Stifel Nicolaus Raises Dollarama (TSE:DOL) Price Target to C$125.00

Dollarama (TSE:DOLFree Report) had its target price lifted by Stifel Nicolaus from C$110.00 to C$125.00 in a research note published on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other research firms have also weighed in on DOL. BMO Capital Markets increased their target price on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an outperform rating in a report on Monday, June 3rd. National Bankshares upped their price target on shares of Dollarama from C$120.00 to C$130.00 and gave the company an outperform rating in a report on Tuesday, May 28th. TD Securities boosted their price objective on shares of Dollarama from C$113.00 to C$126.00 and gave the company a hold rating in a research report on Tuesday, May 28th. Canaccord Genuity Group raised their price objective on Dollarama from C$112.00 to C$125.00 in a report on Monday, June 10th. Finally, CIBC increased their price objective on Dollarama from C$115.00 to C$128.00 and gave the company a neutral rating in a report on Thursday. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Dollarama has a consensus rating of Moderate Buy and an average target price of C$125.80.

Check Out Our Latest Report on DOL

Dollarama Stock Performance

Dollarama stock opened at C$123.85 on Thursday. The company’s 50-day moving average is C$119.41 and its two-hundred day moving average is C$106.98. The company has a current ratio of 1.93, a quick ratio of 0.08 and a debt-to-equity ratio of 1,137.89. Dollarama has a 1 year low of C$84.19 and a 1 year high of C$129.16. The company has a market cap of C$34.52 billion, a PE ratio of 34.79, a PEG ratio of 1.93 and a beta of 0.52.

Dollarama (TSE:DOLGet Free Report) last released its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.02. Dollarama had a return on equity of 493.80% and a net margin of 17.22%. The business had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. Equities analysts anticipate that Dollarama will post 4.5049541 earnings per share for the current year.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 5th will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.37 annualized dividend and a dividend yield of 0.30%. Dollarama’s dividend payout ratio is presently 8.43%.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. In other Dollarama news, Director Paul Roche sold 1,152 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of C$122.07, for a total value of C$140,627.52. Also, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of Dollarama stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of C$116.30, for a total value of C$7,059,410.00. Insiders have sold 70,775 shares of company stock valued at $8,198,939 over the last 90 days. 2.92% of the stock is owned by corporate insiders.

About Dollarama

(Get Free Report)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. 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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