Stifel Nicolaus Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL) had its target price boosted by equities research analysts at Stifel Nicolaus from C$136.00 to C$140.00 in a report released on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential downside of 1.44% from the stock’s current price.

Several other research firms also recently weighed in on DOL. CIBC upped their price target 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$147.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Securities upped their price target on Dollarama from C$154.00 to C$160.00 in a research note on Thursday. Wells Fargo & Company downgraded Dollarama from an “overweight” rating to an “equal weight” rating and cut their target price for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Finally, Canaccord Genuity Group increased their target price 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Dollarama currently has a consensus rating of “Hold” and a consensus target price of C$145.00.

Dollarama Stock Up 1.3 %

Shares of TSE:DOL opened at C$142.04 on Thursday. 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 market capitalization of C$40.02 billion, a P/E ratio of 36.80, a P/E/G ratio of 1.93 and a beta of 0.56. The stock has a 50 day moving average price of C$144.14 and a 200-day moving average price of C$134.41. Dollarama has a 52-week low of C$89.93 and a 52-week high of C$152.97.

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

Insider Transactions at Dollarama

In related news, 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 value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders have sold a total of 7,697 shares of company stock worth $1,049,979 in the last ninety days. Insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.