Ventum Financial Reiterates C$225.00 Price Target for Dollarama (TSE:DOL)

Ventum Financial set a C$225.00 target price on Dollarama (TSE:DOL) in a research note released on Thursday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on DOL. National Bank Financial lifted their price target on shares of Dollarama from C$203.00 to C$209.00 in a research note on Friday, June 12th. BMO Capital Markets upped their price objective on Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th. Scotiabank raised their target price on Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. TD lifted their target price on Dollarama from C$225.00 to C$227.00 and gave the company a “buy” rating in a research report on Friday, June 12th. Finally, Canaccord Genuity Group boosted their price target on Dollarama from C$187.00 to C$204.00 in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Dollarama currently has an average rating of “Moderate Buy” and an average target price of C$216.56.

Dollarama Stock Performance

DOL opened at C$186.32 on Thursday. The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20. The company has a market cap of C$50.45 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 1.93 and a beta of 0.33. The company’s 50 day moving average is C$188.69 and its 200 day moving average is C$184.20. Dollarama has a 12-month low of C$166.00 and a 12-month high of C$209.96.

Dollarama (TSE:DOL) last announced its earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. Dollarama had a net margin of 17.65% and a return on equity of 95.90%. The company had revenue of C$1.85 billion during the quarter. On average, equities research analysts predict that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Shareholders of record on Friday, August 7th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.48 annualized dividend and a yield of 0.3%. Dollarama’s payout ratio is currently 9.00%.

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.