Royal Bank Of Canada Analysts Give Dollarama (TSE:DOL) a C$223.00 Price Target

Royal Bank Of Canada set a C$223.00 price objective on Dollarama (TSE:DOL) in a research note published on Tuesday morning,BayStreet reports. The firm currently has an outperform rating on the stock.

A number of other research firms also recently commented on DOL. TD upped their price objective on Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Scotiabank lifted their target price on Dollarama from C$200.00 to C$220.00 in a report on Friday, June 12th. National Bank Financial boosted their price target on Dollarama from C$203.00 to C$209.00 in a research report on Friday, June 12th. Desjardins upped their price target on Dollarama from C$205.00 to C$215.00 in a research note on Friday, June 12th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Dollarama from C$202.00 to C$228.00 in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$216.56.

Dollarama Price Performance

Dollarama stock opened at C$176.89 on Tuesday. Dollarama has a 1 year low of C$166.00 and a 1 year high of C$209.96. The firm has a 50 day moving average price of C$186.80 and a 200 day moving average price of C$183.38. The company has a market cap of C$47.90 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 1.93 and a beta of 0.33. The company has a debt-to-equity ratio of 451.20, a quick ratio of 0.08 and a current ratio of 1.57.

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

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Friday, July 10th. Dollarama’s dividend payout ratio (DPR) 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.