Dollarama (TSE:DOL) Given New C$136.00 Price Target at Stifel Nicolaus

Dollarama (TSE:DOL) had its price objective raised by equities research analysts at Stifel Nicolaus from C$125.00 to C$136.00 in a report released on Thursday, BayStreet.CA reports. Stifel Nicolaus’ price target suggests a potential upside of 1.89% from the company’s previous close.

Several other brokerages have also recently issued reports on DOL. BMO Capital Markets lifted their target price on Dollarama from C$138.00 to C$147.00 in a report on Thursday. Desjardins upped their price target on shares of Dollarama from C$140.00 to C$143.00 in a research note on Thursday. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$130.00 to C$155.00 in a research report on Thursday. National Bankshares raised their price objective on Dollarama from C$141.00 to C$143.00 in a research note on Thursday. Finally, TD Securities increased their price target on Dollarama from C$126.00 to C$150.00 and gave the company a “hold” rating in a report on Friday, August 30th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$139.18.

Dollarama Trading Down 1.2 %

TSE:DOL opened at C$133.48 on Thursday. The business has a fifty day moving average price of C$131.18 and a 200-day moving average price of C$121.05. Dollarama has a one year low of C$89.93 and a one year high of C$137.72. 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 firm has a market capitalization of C$37.88 billion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

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

Insider Buying and Selling

In other Dollarama 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 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 sale, the insider now directly owns 530 shares in the company, valued at C$68,991.16. In other news, Senior Officer Mark Di Pesa sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the sale, 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 Dollarama stock in a transaction dated 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. Insiders sold 26,013 shares of company stock worth $3,225,967 in the last three months. 2.23% of the stock is owned by insiders.

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.