Dollarama (TSE:DOL) Price Target Raised to C$136.00 at Stifel Nicolaus

Dollarama (TSE:DOL) had its price objective increased by equities research analysts at Stifel Nicolaus from C$125.00 to C$136.00 in a research note issued to investors on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 0.50% from the stock’s previous close.

A number of other brokerages have also issued reports on DOL. National Bankshares boosted their target price on Dollarama from C$141.00 to C$143.00 in a research report on Thursday. CIBC boosted their target price on Dollarama from C$128.00 to C$138.00 in a research report on Thursday. Cfra raised Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the company from C$130.00 to C$155.00 in a research report on Thursday. Desjardins boosted their target price on Dollarama from C$140.00 to C$143.00 in a research report on Thursday. Finally, 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$139.18.

Dollarama Price Performance

DOL traded down C$0.20 during trading on Thursday, reaching C$135.33. The company’s stock had a trading volume of 303,052 shares, compared to its average volume of 556,454. The company has a quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06. The firm has a fifty day simple moving average of C$130.90 and a two-hundred day simple moving average of C$120.75. Dollarama has a 1 year low of C$89.76 and a 1 year high of C$137.72. The company has a market cap of C$38.40 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 1.93 and a beta of 0.56.

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

Insider Activity at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the completion of the transaction, the insider now owns 530 shares in the company, valued at C$68,991.16. In other Dollarama news, Senior Officer Johanne Choinière sold 2,811 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.04, for a total value of C$343,051.07. Also, Senior Officer Mark Di Pesa sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the completion of the transaction, the insider now owns 530 shares of the company’s stock, valued at approximately C$68,991.16. Insiders have sold 66,465 shares of company stock valued at $8,220,415 over the last quarter. 2.23% of the stock is owned by insiders.

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.