CIBC Raises Dollarama (TSE:DOL) Price Target to C$145.00

Dollarama (TSE:DOL) had its price target hoisted by stock analysts at CIBC from C$138.00 to C$145.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC’s price target would indicate a potential upside of 2.08% from the stock’s current price.

Several other research analysts have also recently issued reports on DOL. National Bankshares cut Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday. 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. Stifel Nicolaus increased their price target on Dollarama from C$136.00 to C$140.00 in a research note on Thursday. Canaccord Genuity Group increased their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research note on Thursday, November 28th. Finally, Wells Fargo & Company cut Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$145.00.

Dollarama Price Performance

Shares of DOL opened at C$142.04 on Thursday. The company has a market cap 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 stock has a fifty day moving average price of C$144.14 and a 200 day moving average price of C$134.41. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97.

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. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The firm had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. On average, research analysts forecast that Dollarama will post 5.3295203 earnings per share for the current year.

Insider Activity

In related news, Director John Huw Thomas sold 2,000 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was 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 stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04. Insiders sold a total of 7,697 shares of company stock valued at $1,049,979 over the last three months. 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.