Dollarama (TSE:DOL) Price Target Lowered to C$217.00 at TD

Dollarama (TSE:DOL) had its price target dropped by equities research analysts at TD from C$227.00 to C$217.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. TD’s price target indicates a potential upside of 26.36% from the company’s previous close.

Several other brokerages have also weighed in on DOL. Canadian Imperial Bank of Commerce increased their price objective on shares of Dollarama from C$202.00 to C$228.00 in a research report on Friday, June 12th. Canaccord Genuity Group increased their price target on shares of Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. Scotiabank increased their price target on shares of Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. Desjardins cut their price objective on shares of Dollarama from C$215.00 to C$210.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Stifel Nicolaus upped their target price on Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$215.75.

Dollarama Stock Performance

TSE:DOL traded down C$2.83 on Thursday, hitting C$171.73. The company’s stock had a trading volume of 374,421 shares, compared to its average volume of 705,607. Dollarama has a one year low of C$163.25 and a one year high of C$209.96. The firm has a market capitalization of C$46.50 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.26. The stock has a fifty day moving average of C$183.81 and a two-hundred day moving average of C$181.89. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 16th. The company reported C$1.29 EPS for the quarter. Dollarama had a return on equity of 95.90% and a net margin of 17.65%.The company had revenue of C$2.03 billion during the quarter. Research analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama News Summary

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Strong Q2 results: Dollarama reported revenue of C$2.03 billion, up 17.6% year over year, while EPS rose 11% to C$1.29. The performance reflects continued demand from Canadian consumers seeking lower-priced goods. Dollarama: Q2 EPS up 11%
• Positive Sentiment: Raised fiscal 2027 outlook: Management increased its Canadian sales-growth expectations after the better-than-anticipated quarter, supported by traffic, consumables demand and consumers trading down amid inflation and economic uncertainty. Dollarama raises fiscal 2027 guidance after Q2 sales growth
• Positive Sentiment: Defensive retail positioning: Executives said shoppers are making more careful spending decisions, which may continue to benefit Dollarama’s value-focused stores if household budgets remain constrained. Dollarama expects higher sales as inflation-hit shoppers look for discounts

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.