Stifel Nicolaus Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its target price upped by equities research analysts at Stifel Nicolaus from C$190.00 to C$215.00 in a note issued to investors on Friday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 11.99% from the stock’s current price.

DOL has been the subject of a number of other reports. Desjardins raised their price target on Dollarama from C$205.00 to C$215.00 in a research note on Friday. BMO Capital Markets raised their price target on Dollarama from C$210.00 to C$221.00 in a research note on Friday. Royal Bank Of Canada set a C$223.00 price target on Dollarama and gave the stock an “outperform” rating in a research note on Thursday, June 4th. TD Securities cut their price target on Dollarama from C$235.00 to C$225.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Finally, UBS Group cut their price target on Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Dollarama presently has an average rating of “Moderate Buy” and an average price target of C$216.00.

Dollarama Stock Down 1.9%

Dollarama 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 firm’s 50 day moving average is C$174.77 and its 200 day moving average is C$187.83. The company has a market cap of C$52.26 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08. Dollarama has a 52-week low of C$166.00 and a 52-week high of C$209.96.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. The firm had revenue of C$1.85 billion during the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%. On average, 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

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.