Desjardins Raises Dollarama (TSE:DOL) Price Target to C$150.00

Dollarama (TSE:DOL) had its target price upped by Desjardins from C$147.00 to C$150.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target indicates a potential upside of 0.31% from the stock’s current price.

A number of other equities analysts have also issued reports on DOL. BMO Capital Markets raised their target price on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. National Bankshares increased their target price on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Finally, TD Securities raised Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$143.55.

Dollarama Stock Up 1.6 %

Dollarama stock traded up C$2.35 during trading hours on Tuesday, reaching C$149.54. The stock had a trading volume of 349,625 shares, compared to its average volume of 571,061. Dollarama has a 52 week low of C$89.93 and a 52 week high of C$152.97. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The company has a market cap of C$42.14 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 1.93 and a beta of 0.56. The business’s 50 day moving average price is C$143.63 and its 200-day moving average price is C$133.91.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. The business had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. Sell-side analysts anticipate that Dollarama will post 5.3295203 EPS for the current year.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 5,167 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Over the last quarter, insiders have sold 7,697 shares of company stock valued at $1,049,979. 2.23% of the stock is owned by insiders.

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.