Dollarama (TSE:DOL) Stock Rating Lowered by Wells Fargo & Company

Dollarama (TSE:DOL) was downgraded by investment analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Thursday, BayStreet.CA reports. They presently have a C$130.00 price objective on the stock, down from their previous price objective of C$136.00. Wells Fargo & Company‘s target price suggests a potential downside of 2.61% from the company’s current price.

Several other equities analysts also recently weighed in on DOL. Canaccord Genuity Group lifted their target price on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Desjardins lifted their price target on shares of Dollarama from C$140.00 to C$143.00 in a report on Thursday. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their target price for the company from C$130.00 to C$155.00 in a research note on Thursday. Stifel Nicolaus increased their price target on Dollarama from C$125.00 to C$136.00 in a research note on Thursday. Finally, National Bankshares boosted their price objective on Dollarama from C$141.00 to C$143.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$139.18.

Dollarama Stock Performance

Shares of DOL stock opened at C$133.48 on Thursday. The firm 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 quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06. The company has a 50 day moving average price of C$131.18 and a 200-day moving average price of C$121.05. Dollarama has a 52 week low of C$89.93 and a 52 week high of C$137.72.

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

Insiders Place Their Bets

In related news, Senior Officer Mark Di Pesa sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the completion of the sale, the insider now directly owns 530 shares of the company’s stock, valued at approximately C$68,991.16. In other Dollarama news, Senior Officer Johanne Choinière sold 2,811 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. Also, Senior Officer Mark Di Pesa sold 1,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 530 shares in the company, valued at approximately C$68,991.16. Insiders sold a total of 26,013 shares of company stock valued at $3,225,967 over the last 90 days. Insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.