Dollarama (TSE:DOL) Price Target Raised to C$145.00 at CIBC

Dollarama (TSE:DOL) had its target price boosted by investment analysts at CIBC from C$138.00 to C$145.00 in a note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 3.32% from the company’s current price.

A number of other research firms have also recently commented on DOL. BMO Capital Markets upped their target price on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. Desjardins upped their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research report on Tuesday. TD Securities upped their target price on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday. National Bankshares cut shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Finally, Royal Bank of Canada reduced their price target on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollarama presently has an average rating of “Hold” and an average price target of C$145.00.

Dollarama Price Performance

Shares of Dollarama stock traded down C$0.22 during trading hours on Thursday, reaching C$140.34. 430,709 shares of the company’s stock were exchanged, compared to its average volume of 576,977. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97. The company has a market capitalization of C$39.55 billion, a P/E ratio of 36.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business has a fifty day moving average of C$143.97 and a two-hundred day moving average of C$134.23. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

Dollarama (TSE:DOL) last released its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping 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 analyst estimates of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. As a group, research analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Insider Buying and Selling at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Also, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders have sold 7,697 shares of company stock worth $1,049,979 over the last three months. Insiders own 2.23% 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.