Dollarama (TSE:DOL) Stock Price Expected to Rise, National Bankshares Analyst Says

Dollarama (TSE:DOL) had its target price hoisted by stock analysts at National Bankshares from C$143.00 to C$149.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. National Bankshares’ price objective suggests a potential upside of 1.47% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. Royal Bank of Canada boosted their price target on Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Stifel Nicolaus raised their price objective on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and upped their target price for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets raised their price target on Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$140.09.

Dollarama Trading Up 2.0 %

Shares of TSE DOL opened at C$146.84 on Wednesday. Dollarama has a fifty-two week low of C$89.93 and a fifty-two week high of C$152.97. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The company has a market cap of C$41.38 billion, a price-to-earnings ratio of 38.04, a PEG ratio of 1.93 and a beta of 0.56. The business’s 50 day moving average price is C$142.25 and its 200-day moving average price is C$132.65.

Dollarama (TSE:DOL) last released its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The business had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.57 billion. On average, sell-side analysts expect that Dollarama will post 5.3295203 earnings per share for the current year.

Insider Activity

In other news, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. In the last ninety days, insiders have sold 7,697 shares of company stock worth $1,049,979. Corporate 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.