Desjardins Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target raised by equities research analysts at Desjardins from C$147.00 to C$150.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 0.31% from the stock’s current price.

A number of other analysts have also recently weighed in on DOL. National Bankshares upped their target price on shares of Dollarama from C$143.00 to C$149.00 in a research note on Wednesday, November 20th. Stifel Nicolaus increased their price objective on shares of Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. BMO Capital Markets upped their target price on shares of Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Finally, Canaccord Genuity Group increased their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$143.55.

Dollarama Trading Up 1.6 %

Shares of TSE DOL traded up C$2.35 during trading on Tuesday, hitting C$149.54. 349,625 shares of the company traded hands, compared to its average volume of 571,061. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a 50-day moving average price of C$143.63 and a 200-day moving average price of C$133.91. The firm has a market capitalization of C$42.14 billion, a P/E ratio of 38.74, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The business had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. On average, equities analysts predict that Dollarama will post 5.3295203 EPS for the current year.

Insider Activity at Dollarama

In other news, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. In the last 90 days, insiders have sold 7,697 shares of company stock worth $1,049,979. 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.