Dollarama (TSE:DOL) Price Target Raised to C$150.00 at TD Securities

Dollarama (TSE:DOL) had its target price hoisted by equities research analysts at TD Securities from C$126.00 to C$150.00 in a report released on Friday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 11.04% from the stock’s current price.

DOL has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on shares of Dollarama from C$138.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Desjardins increased their price target on Dollarama from C$133.00 to C$140.00 and gave the company a “buy” rating in a report on Monday. Canaccord Genuity Group upped their target price on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. National Bankshares raised their price target on shares of Dollarama from C$132.00 to C$141.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, BMO Capital Markets lifted their price target on shares of Dollarama from C$133.00 to C$138.00 in a research note on Thursday, July 18th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dollarama presently has an average rating of “Moderate Buy” and an average target price of C$130.90.

Dollarama Stock Up 0.7 %

Shares of TSE DOL traded up C$0.98 on Friday, hitting C$135.09. The company had a trading volume of 107,485 shares, compared to its average volume of 543,383. The company has a quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06. Dollarama has a 12-month low of C$86.73 and a 12-month high of C$137.72. The firm has a market capitalization of C$38.34 billion, a P/E ratio of 36.50, a PEG ratio of 1.93 and a beta of 0.55. The business has a 50 day moving average of C$129.65 and a two-hundred day moving average of C$118.84.

Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.02. The firm had revenue of C$1.41 billion during the quarter, compared to analysts’ expectations of C$1.41 billion. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. As a group, equities research analysts forecast that Dollarama will post 4.5033201 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Paul Roche sold 1,152 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$122.07, for a total value of C$140,627.52. In other news, Director Paul Roche sold 1,152 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$122.07, for a total value of C$140,627.52. Also, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$123.51, for a total transaction of C$4,853,821.17. Over the last 90 days, insiders have sold 66,465 shares of company stock valued at $8,220,415. Insiders own 2.22% of the company’s stock.

Dollarama Company Profile

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.