Dollarama (TSE:DOL) Stock Price Expected to Rise, National Bankshares Analyst Says

Dollarama (TSE:DOL) had its target price increased by stock analysts at National Bankshares from C$143.00 to C$149.00 in a report issued on Wednesday,BayStreet.CA reports. National Bankshares’ target price points to a potential upside of 1.47% from the company’s current price.

DOL has been the subject of several other reports. CIBC upped their price objective on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Desjardins upped their price target on Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company cut Dollarama from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Royal Bank of Canada increased their target price on shares of Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets lifted their price target on shares of Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$140.09.

Dollarama Trading Up 2.0 %

Dollarama stock opened at C$146.84 on Wednesday. Dollarama has a 52-week low of C$89.93 and a 52-week high of C$152.97. The company has a market cap of C$41.38 billion, a P/E ratio of 38.04, a P/E/G ratio of 1.93 and a beta of 0.56. 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 business has a 50-day simple moving average of C$142.25 and a two-hundred day simple moving average of C$132.65.

Dollarama (TSE:DOL) last posted its quarterly earnings data 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. 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 predict that Dollarama will post 5.3295203 EPS for the current year.

Insider Activity

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the stock in a transaction on 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, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders sold a total of 7,697 shares of company stock worth $1,049,979 over the last 90 days. 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.