Dollarama (OTCMKTS:DLMAF) Trading 8.8% Higher – Time to Buy?

Dollarama Inc. (OTCMKTS:DLMAF) shares shot up 8.8% during mid-day trading on Friday . The stock traded as high as $140.37 and last traded at $140.37. 590 shares were traded during trading, a decline of 90% from the average session volume of 5,793 shares. The stock had previously closed at $129.01.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DLMAF. Zacks Research upgraded Dollarama to a “hold” rating in a research note on Monday, March 16th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Dollarama in a research note on Friday. Canaccord Genuity Group upgraded Dollarama to a “hold” rating in a research note on Tuesday, March 24th. Scotiabank reiterated an “outperform” rating on shares of Dollarama in a research note on Friday. Finally, Royal Bank Of Canada upgraded Dollarama to a “moderate buy” rating in a research note on Monday, March 16th. Four research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dollarama has an average rating of “Buy”.

Dollarama Stock Down 0.0%

The company has a current ratio of 1.13, a quick ratio of 0.31 and a debt-to-equity ratio of 3.17. The firm has a market cap of $38.04 billion and a price-to-earnings ratio of 75.06. The firm has a 50-day moving average of $126.83 and a two-hundred day moving average of $136.62.

Dollarama (OTCMKTS:DLMAF) last posted its quarterly earnings data on Tuesday, March 24th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. Dollarama had a return on equity of 94.85% and a net margin of 18.05%.The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. As a group, sell-side analysts predict that Dollarama Inc. will post 3.67 earnings per share for the current fiscal year.

Dollarama Company Profile

Dollarama Inc operates as a leading Canadian dollar store chain, offering a variety of everyday consumer goods at fixed price points. The company’s retail format emphasizes value and convenience, providing a one-stop shopping experience for cost-conscious customers. Merchandise spans multiple categories, including household items, food and consumables, health and beauty products, stationery, seasonal and party supplies, and toys.

Founded in 1992 by Laurent “Larry” Rossy, Dollarama opened its first location in Montreal, Quebec.