Dollarama (OTCMKTS:DLMAF) Upgraded to “Strong-Buy” at Ventum Financial

Ventum Financial upgraded shares of Dollarama (OTCMKTS:DLMAF) to a strong-buy rating in a research report released on Thursday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the company. Stifel Nicolaus upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dollarama in a research report on Friday, June 12th. Scotiabank reissued an “outperform” rating on shares of Dollarama in a research note on Friday, June 12th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Five investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Dollarama Trading Down 0.2%

DLMAF stock opened at $135.71 on Thursday. The firm has a fifty day moving average price of $134.42 and a 200 day moving average price of $133.06. Dollarama has a fifty-two week low of $112.41 and a fifty-two week high of $160.86. The firm has a market cap of $36.57 billion and a PE ratio of 51.41. The company has a debt-to-equity ratio of 3.96, a quick ratio of 0.70 and a current ratio of 1.57.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. Sell-side analysts anticipate that Dollarama will post 3.65 earnings per share for the current fiscal year.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.