BMO Capital Markets Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its target price boosted by research analysts at BMO Capital Markets from C$147.00 to C$154.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would indicate a potential upside of 5.83% from the company’s previous close.

A number of other equities research analysts also recently weighed in on DOL. TD Securities raised Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Royal Bank of Canada raised their price target on shares of Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. National Bankshares raised their target price on shares of Dollarama from C$143.00 to C$149.00 in a research note on Wednesday. Finally, Stifel Nicolaus upped their price target on Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$140.73.

Dollarama Trading Down 0.9 %

TSE:DOL opened at C$145.51 on Friday. 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 firm has a 50-day simple moving average of C$142.45 and a 200-day simple moving average of C$132.74. Dollarama has a one year low of C$89.93 and a one year high of C$152.97. The firm has a market cap of C$41.00 billion, a P/E ratio of 37.70, a P/E/G ratio of 1.93 and a beta of 0.56.

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

Insider Activity

In other news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Director Nicolas Hien sold 5,167 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Over the last three months, insiders have sold 7,697 shares of company stock valued at $1,049,979. Company 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.