Dollarama Inc. (TSE:DOL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Dollarama Inc. (TSE:DOL) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$92.50.

A number of research firms recently issued reports on DOL. Canaccord Genuity Group upped their price target on shares of Dollarama from C$82.00 to C$85.00 in a report on Thursday, June 8th. Royal Bank of Canada boosted their price target on Dollarama from C$98.00 to C$101.00 and gave the company an “outperform” rating in a report on Thursday, June 8th. Scotiabank raised their price objective on shares of Dollarama from C$93.00 to C$95.00 in a research note on Tuesday, May 30th. National Bankshares lifted their target price on shares of Dollarama from C$95.00 to C$97.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Stifel Nicolaus increased their price target on shares of Dollarama from C$94.00 to C$96.00 in a report on Thursday, June 8th.

Dollarama Stock Performance

Dollarama stock opened at C$88.57 on Monday. The company has a debt-to-equity ratio of 1,949.93, a quick ratio of 0.08 and a current ratio of 1.13. The company has a market capitalization of C$25.10 billion, a PE ratio of 30.54, a P/E/G ratio of 1.93 and a beta of 0.73. The company has a 50 day moving average price of C$87.10 and a 200-day moving average price of C$83.65. Dollarama has a fifty-two week low of C$74.36 and a fifty-two week high of C$90.00.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, June 7th. The company reported C$0.63 earnings per share for the quarter, topping the consensus estimate of C$0.58 by C$0.05. The firm had revenue of C$1.29 billion during the quarter, compared to analysts’ expectations of C$1.24 billion. Dollarama had a net margin of 15.85% and a return on equity of 831.63%. As a group, equities analysts forecast that Dollarama will post 3.7213464 earnings per share for the current year.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Investors of record on Friday, August 4th were issued a $0.071 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date of this dividend was Thursday, July 6th. Dollarama’s dividend payout ratio (DPR) is currently 9.66%.

About Dollarama

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