Dollarama (OTCMKTS:DLMAF) Shares Gap Down – What’s Next?

Dollarama Inc. (OTCMKTS:DLMAF)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $133.35, but opened at $120.15. Dollarama shares last traded at $120.15, with a volume of 260 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DLMAF. Royal Bank Of Canada raised shares of Dollarama to a “moderate buy” rating in a research note on Monday, March 16th. Stifel Nicolaus upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. TD Securities raised shares of Dollarama to a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Scotiabank restated an “outperform” rating on shares of Dollarama in a report on Friday, June 12th. Four equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Dollarama Trading Up 0.5%

The business’s 50 day simple moving average is $129.96 and its 200 day simple moving average is $135.30. The stock has a market cap of $35.60 billion and a price-to-earnings ratio of 49.83. The company has a quick ratio of 0.70, a current ratio of 1.57 and a debt-to-equity ratio of 3.96.

Dollarama (OTCMKTS:DLMAF) last released its quarterly earnings data on Thursday, June 11th. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.05. Dollarama had a net margin of 17.65% and a return on equity of 94.77%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. On average, research analysts expect that Dollarama Inc. will post 3.63 EPS 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.