Dollarama (TSE:DOL) Releases Quarterly Earnings Results

Dollarama (TSE:DOL) released its quarterly earnings results on Tuesday. The company reported C$1.43 EPS for the quarter, FiscalAI reports. Dollarama had a return on equity of 99.41% and a net margin of 18.59%.The business had revenue of C$2.10 billion during the quarter.

Dollarama Trading Up 3.3%

Shares of Dollarama stock opened at C$186.58 on Tuesday. The company has a 50-day moving average of C$193.21 and a two-hundred day moving average of C$192.25. Dollarama has a 12-month low of C$147.00 and a 12-month high of C$209.96. The company has a current ratio of 1.09, a quick ratio of 0.08 and a debt-to-equity ratio of 415.13. The stock has a market cap of C$51.05 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15.

Analysts Set New Price Targets

DOL has been the topic of several recent research reports. Scotiabank boosted their price objective on shares of Dollarama from C$205.00 to C$220.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. TD Securities lifted their target price on shares of Dollarama from C$210.00 to C$235.00 and gave the company a “buy” rating in a report on Friday, December 12th. Wells Fargo & Company boosted their price target on shares of Dollarama from C$185.00 to C$195.00 and gave the stock an “equal weight” rating in a research note on Friday, December 12th. Canaccord Genuity Group raised their price objective on shares of Dollarama from C$198.00 to C$207.00 in a research report on Friday, December 12th. Finally, National Bank Financial lowered their price objective on Dollarama from C$226.00 to C$225.00 and set an “outperform” rating on the stock in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$217.08.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.