Dollarama (TSE:DOL) Stock Rating Lowered by National Bankshares

Dollarama (TSE:DOL) was downgraded by investment analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday,BayStreet.CA reports.

DOL has been the topic of several other reports. Royal Bank of Canada lowered their price objective on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday. CIBC lifted their target price on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. TD Securities lifted their target price on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday. Finally, Stifel Nicolaus lifted their target price on shares of Dollarama from C$136.00 to C$140.00 in a report on Thursday. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$145.00.

Dollarama Trading Up 1.3 %

Shares of Dollarama stock opened at C$142.04 on Thursday. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The company has a market capitalization of C$40.02 billion, a P/E ratio of 36.80, a PEG ratio of 1.93 and a beta of 0.56. The company’s fifty day moving average is C$144.14 and its two-hundred day moving average is C$134.41.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The company had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.57 billion. Analysts forecast that Dollarama will post 5.3295203 earnings per share for the current year.

Insider Buying and Selling

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of Dollarama stock in a transaction dated 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, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Over the last 90 days, insiders have sold 7,697 shares of company stock valued at $1,049,979. Corporate insiders own 2.23% of the company’s stock.

About Dollarama

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.