Dollarama (TSE:DOL) Given New C$215.00 Price Target at Desjardins

Dollarama (TSE:DOL) had its target price hoisted by research analysts at Desjardins from C$205.00 to C$215.00 in a report released on Friday,BayStreet.CA reports. Desjardins’ price target points to a potential upside of 11.99% from the stock’s previous close.

DOL has been the topic of several other research reports. Scotiabank reduced their price objective on shares of Dollarama from C$220.00 to C$200.00 in a research note on Wednesday, March 25th. UBS Group dropped their price objective on shares of Dollarama from C$210.00 to C$191.00 in a report on Wednesday, March 25th. Royal Bank Of Canada set a C$223.00 target price on shares of Dollarama and gave the stock an “outperform” rating in a report on Thursday, June 4th. Jefferies Financial Group lowered their target price on shares of Dollarama from C$235.00 to C$200.00 in a report on Wednesday, March 25th. Finally, National Bank Financial upped their price objective on shares of Dollarama from C$198.00 to C$203.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$216.00.

Dollarama Trading Down 1.9%

Shares of Dollarama stock traded down C$3.78 during trading on Friday, hitting C$191.98. The company’s stock had a trading volume of 429,075 shares, compared to its average volume of 715,527. The company has a debt-to-equity ratio of 370.61, a current ratio of 1.13 and a quick ratio of 0.08. Dollarama has a 52 week low of C$166.00 and a 52 week high of C$209.96. The stock has a market cap of C$52.26 billion, a price-to-earnings ratio of 40.59, a price-to-earnings-growth ratio of 1.93 and a beta of 0.37. The stock has a 50-day moving average price of C$174.77 and a two-hundred day moving average price of C$187.83.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Thursday, June 11th. The company reported C$1.11 earnings per share for the quarter. Dollarama had a net margin of 18.05% and a return on equity of 94.71%. The company had revenue of C$1.85 billion for the quarter. Equities research analysts anticipate that Dollarama will post 5.3295203 EPS for the current fiscal year.

Key Dollarama News

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

About Dollarama

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.