Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of “Buy” from Analysts

Dollarama Inc. (TSE:DOLGet Rating) has earned a consensus recommendation of “Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$73.20.

A number of brokerages have weighed in on DOL. Desjardins upgraded Dollarama from a “hold” rating to a “buy” rating in a research report on Monday, March 7th. National Bankshares boosted their price objective on Dollarama from C$69.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, March 31st. Royal Bank of Canada boosted their price objective on Dollarama from C$77.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Thursday, March 31st. BMO Capital Markets boosted their price objective on Dollarama from C$71.00 to C$77.00 in a research note on Thursday, March 31st. Finally, TD Securities boosted their price objective on Dollarama from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research note on Thursday, March 31st.

Shares of TSE:DOL opened at C$71.97 on Tuesday. The business’s fifty day moving average price is C$71.32 and its two-hundred day moving average price is C$64.97. Dollarama has a fifty-two week low of C$52.22 and a fifty-two week high of C$76.80. The stock has a market capitalization of C$21.07 billion and a price-to-earnings ratio of 33.01. The company has a debt-to-equity ratio of 18,873.64, a current ratio of 0.79 and a quick ratio of 0.11.

The company also recently declared a quarterly dividend, which was paid on Friday, May 6th. Stockholders of record on Friday, April 15th were paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend was Wednesday, April 13th. This is a positive change from Dollarama’s previous quarterly dividend of $0.05. Dollarama’s dividend payout ratio is 9.23%.

Dollarama Company Profile (Get Rating)

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of January 30, 2022, it operated 1,421 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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