TD Securities Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its price objective increased by stock analysts at TD Securities from C$154.00 to C$160.00 in a research report issued on Thursday,BayStreet.CA reports. TD Securities’ target price indicates a potential upside of 12.64% from the stock’s previous close.

Several other brokerages have also recently weighed in on DOL. BMO Capital Markets increased their price target on Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Canaccord Genuity Group increased their price target on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$130.00 to C$155.00 in a research report on Thursday, September 12th. National Bankshares upped their target price on Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Finally, Desjardins upped their target price on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Dollarama currently has an average rating of “Hold” and an average price target of C$145.00.

Dollarama Price Performance

Shares of DOL opened at C$142.04 on Thursday. Dollarama has a 12-month low of C$89.93 and a 12-month high of C$152.97. The business has a 50-day simple moving average of C$144.14 and a two-hundred day simple moving average of C$134.41. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The stock has a market cap of C$40.02 billion, a PE ratio of 36.80, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last issued 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 analysts’ expectations of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. Analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Director John Huw Thomas sold 2,000 shares of the 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 value of C$275,450.00. Over the last quarter, insiders have sold 7,697 shares of company stock worth $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.