Dollarama (TSE:DOL) had its price objective hoisted by stock analysts at TD Securities from C$49.00 to C$56.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 19.25% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada decreased their price target on Dollarama from C$56.00 to C$55.00 and set an “outperform” rating for the company in a report on Thursday, April 2nd. Wells Fargo & Co boosted their price objective on Dollarama from C$36.00 to C$44.00 in a research report on Thursday. National Bank Financial upped their price target on Dollarama from C$45.00 to C$50.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. CIBC dropped their price target on Dollarama from C$48.00 to C$44.00 in a research report on Thursday, April 2nd. Finally, Canaccord Genuity dropped their price target on Dollarama from C$45.00 to C$43.00 in a research report on Thursday, March 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. Dollarama has an average rating of “Hold” and a consensus target price of C$49.73.
Shares of DOL stock traded down C$1.06 during mid-day trading on Thursday, reaching C$46.96. 641,797 shares of the stock traded hands, compared to its average volume of 1,003,998. The stock’s fifty day simple moving average is C$44.43 and its two-hundred day simple moving average is C$43.51. Dollarama has a 1-year low of C$34.70 and a 1-year high of C$52.12. The company has a market cap of $14.63 billion and a price-to-earnings ratio of 26.38.
Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, April 1st. The company reported C$0.57 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.57. The company had revenue of C$1.07 billion during the quarter, compared to analyst estimates of C$1.06 billion. Equities research analysts expect that Dollarama will post 2.1600001 EPS for the current fiscal year.
In other Dollarama news, Director John Huw Thomas sold 6,000 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of C$38.76, for a total value of C$232,552.20. Following the transaction, the director now directly owns 31,200 shares in the company, valued at approximately C$1,209,271.44. Also, Director John Assaly sold 2,805 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of C$40.90, for a total value of C$114,716.09. Following the completion of the transaction, the director now owns 8,621 shares in the company, valued at C$352,573.04.
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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