Desjardins Raises Dollarama (TSE:DOL) Price Target to C$143.00

Dollarama (TSE:DOL) had its target price hoisted by stock analysts at Desjardins from C$140.00 to C$143.00 in a research report issued on Thursday, BayStreet.CA reports. Desjardins’ price objective suggests a potential upside of 5.67% from the company’s previous close.

Several other equities analysts also recently weighed in on the stock. CIBC raised their price target on shares of Dollarama from C$115.00 to C$128.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Canaccord Genuity Group upped their price objective on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. TD Securities lifted their target price on shares of Dollarama from C$126.00 to C$150.00 and gave the company a “hold” rating in a report on Friday, August 30th. BMO Capital Markets lifted their price target on Dollarama from C$133.00 to C$138.00 in a research note on Thursday, July 18th. Finally, Stifel Nicolaus lifted their price objective on Dollarama from C$110.00 to C$125.00 and gave the stock a “hold” rating in a research report on Thursday, June 13th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Dollarama currently has an average rating of “Moderate Buy” and a consensus target price of C$139.18.

Dollarama Price Performance

DOL traded down C$0.20 on Thursday, hitting C$135.33. 303,052 shares of the company’s stock traded hands, compared to its average volume of 556,454. The firm has a market cap of C$38.40 billion, a price-to-earnings ratio of 36.63, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a one year low of C$89.76 and a one year high of C$137.72. The company’s 50 day simple moving average is C$130.90 and its 200-day simple moving average is C$120.75. The company has a current ratio of 2.09, a quick ratio of 0.08 and a debt-to-equity ratio of 1,073.06.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.02. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. The firm had revenue of C$1.41 billion during the quarter, compared to analysts’ expectations of C$1.41 billion. As a group, research analysts anticipate that Dollarama will post 4.4967696 EPS for the current year.

Insider Buying and Selling

In related news, Director Paul Roche sold 1,152 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$122.07, for a total value of C$140,627.52. In related news, Director Paul Roche sold 1,152 shares of Dollarama stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$122.07, for a total transaction of C$140,627.52. Also, Director John Assaly sold 7,202 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. In the last quarter, insiders have sold 66,465 shares of company stock valued at $8,220,415. 2.23% of the stock is owned by company insiders.

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.