CIBC Raises Dollarama (TSE:DOL) Price Target to C$128.00

Dollarama (TSE:DOLFree Report) had its target price boosted by CIBC from C$115.00 to C$128.00 in a report published on Thursday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Several other research firms have also weighed in on DOL. Scotiabank boosted their target price on shares of Dollarama from C$107.00 to C$113.00 in a report on Friday, April 5th. BMO Capital Markets upped their price objective on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an outperform rating in a report on Monday, June 3rd. National Bank Financial upgraded shares of Dollarama from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, March 13th. Royal Bank of Canada upped their price objective on shares of Dollarama from C$125.00 to C$136.00 and gave the stock an outperform rating in a report on Tuesday, June 4th. Finally, Stifel Nicolaus upped their price objective on shares of Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of C$125.80.

View Our Latest Analysis on Dollarama

Dollarama Stock Performance

TSE:DOL opened at C$123.85 on Thursday. The company has a debt-to-equity ratio of 1,137.89, a current ratio of 1.93 and a quick ratio of 0.08. The firm has a market capitalization of C$34.52 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.93 and a beta of 0.52. The company’s 50-day moving average is C$119.41 and its two-hundred day moving average is C$107.05. Dollarama has a 1-year low of C$84.19 and a 1-year high of C$129.16.

Dollarama (TSE:DOLGet Free Report) last posted its earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, beating the consensus estimate of C$0.75 by C$0.02. The company had revenue of C$1.41 billion for the quarter, compared to analyst estimates of C$1.41 billion. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. Analysts forecast that Dollarama will post 4.5049541 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 5th will be paid a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.30%. The ex-dividend date is Friday, July 5th. Dollarama’s payout ratio is currently 8.43%.

Insider Buying and Selling at Dollarama

In related news, Director Paul Roche sold 707 shares of the stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. In other news, Director Paul Roche sold 707 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total value of C$79,100.01. Also, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. In the last three months, insiders have sold 70,775 shares of company stock valued at $8,198,939. Insiders own 2.92% of the company’s stock.

About Dollarama

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Dollarama (TSE:DOL)

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