Dollarama (TSE:DOL) PT Raised to C$53.00

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Dollarama (TSE:DOL) had its price target hoisted by stock analysts at National Bank Financial from C$50.00 to C$53.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 12.86% from the company’s previous close.

DOL has been the subject of several other reports. CIBC decreased their price objective on shares of Dollarama from C$48.00 to C$44.00 in a research report on Thursday, April 2nd. BMO Capital Markets lifted their price objective on shares of Dollarama from C$45.00 to C$52.00 in a research report on Thursday. TD Securities boosted their price target on shares of Dollarama from C$49.00 to C$56.00 and gave the company a “buy” rating in a research report on Thursday. Canaccord Genuity reduced their price target on shares of Dollarama from C$45.00 to C$43.00 in a research report on Thursday, March 26th. Finally, Royal Bank of Canada boosted their price target on shares of Dollarama from C$55.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of C$49.73.

Shares of Dollarama stock traded down C$1.06 during trading on Thursday, hitting C$46.96. 641,797 shares of the stock were exchanged, compared to its average volume of 1,003,998. The stock has a market cap of $14.63 billion and a price-to-earnings ratio of 26.38. The firm’s 50-day moving average price is C$44.43 and its 200 day moving average price is C$43.51. Dollarama has a 12-month low of C$34.70 and a 12-month high of C$52.12.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, April 1st. The company reported C$0.57 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.57. The firm had revenue of C$1.07 billion for the quarter, compared to analysts’ expectations of C$1.06 billion. On average, equities analysts forecast that Dollarama will post 2.1600001 earnings per share for the current year.

In other news, Director John Assaly sold 2,805 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of C$40.90, for a total transaction of C$114,716.09. Following the transaction, the director now directly owns 8,621 shares in the company, valued at C$352,573.04. Also, Director John Huw Thomas sold 6,000 shares of the business’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of C$38.76, for a total transaction of C$232,552.20. Following the transaction, the director now owns 31,200 shares in the company, valued at C$1,209,271.44.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 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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