Cfra Upgrades Dollarama (TSE:DOL) to Buy

Dollarama (TSE:DOL) was upgraded by analysts at Cfra from a “hold” rating to a “buy” rating in a research report issued on Thursday, BayStreet.CA reports. The firm presently has a C$155.00 price objective on the stock, up from their previous price objective of C$130.00. Cfra’s target price points to a potential upside of 16.12% from the stock’s current price.

Several other analysts have also weighed in on DOL. BMO Capital Markets boosted their target price on shares of Dollarama from C$133.00 to C$138.00 in a research note on Thursday, July 18th. TD Securities raised their target price on shares of Dollarama from C$126.00 to C$150.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Desjardins raised their price objective on Dollarama from C$140.00 to C$143.00 in a research note on Thursday. Royal Bank of Canada upped their price target on shares of Dollarama from C$138.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday, August 23rd. Finally, National Bankshares lifted their price target on Dollarama from C$141.00 to C$143.00 in a report on Thursday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$139.18.

Dollarama Stock Down 1.2 %

Shares of Dollarama stock opened at C$133.48 on Thursday. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$137.72. The company has a market capitalization of C$37.88 billion, a PE ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 1,073.06, a current ratio of 2.09 and a quick ratio of 0.08. The business has a 50-day moving average of C$131.18 and a 200-day moving average of C$121.05.

Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.02. Dollarama had a net margin of 17.50% and a return on equity of 324.09%. The business had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. As a group, equities analysts forecast that Dollarama will post 4.4967696 EPS for the current fiscal year.

Insider Activity

In related news, Director Nicolas Hien sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total value of C$1,830,693.00. In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the completion of the transaction, the insider now directly owns 530 shares of the company’s stock, valued at C$68,991.16. Also, Director Nicolas Hien sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. In the last 90 days, insiders sold 26,013 shares of company stock worth $3,225,967. 2.23% of the stock is currently owned by corporate insiders.

About Dollarama

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.