The Dollarama Inc (DOL) Given Average Rating of “Buy” by Brokerages

The Dollarama Inc (DOL) Given Average Rating of “Buy” by Brokerages

Several research firms have recently issued reports on DOL. TD Securities restated a “buy” rating and set a C$115.00 price objective on shares of Dollarama in a report on Monday, March 27th. Raymond James Financial, Inc. raised their price objective on Dollarama from C$135.00 to C$140.00 in a report on Thursday, June 8th. Royal Bank Of Canada raised their price objective on Dollarama from C$138.00 to C$139.00 and gave the stock an “outperform” rating in a report on Thursday, June 8th. Canaccord Genuity raised their price objective on Dollarama from C$122.00 to C$140.00 and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, BMO Capital Markets raised their price objective on Dollarama from C$122.00 to C$141.00 and gave the stock an “outperform” rating in a report on Tuesday, June 6th.

Dollarama Inc (TSE:DOL) has been assigned an average recommendation of “Buy” from the twelve ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$134.00.

Dollarama (TSE:DOL) opened at 123.00 on Tuesday. The firm’s 50-day moving average price is $124.04 and its 200-day moving average price is $112.10. The firm has a market cap of $13.97 billion and a price-to-earnings ratio of 31.85. Dollarama has a 1-year low of $92.16 and a 1-year high of $132.34.

Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Dollarama had a return on equity of 559.12% and a net margin of 13.43%. The company had revenue of $704.95 million during the quarter, compared to the consensus estimate of $712.60 million. On average, equities research analysts anticipate that Dollarama will post $4.33 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 2nd. Shareholders of record on Wednesday, August 2nd will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date of this dividend is Wednesday, July 5th.

In other Dollarama news, Director Nicolas Hien sold 1,750 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of C$122.83, for a total transaction of C$214,952.50.

Dollarama Company Profile

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

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