Dollarama (TSE:DOL) PT Raised to C$125.00 at Canaccord Genuity Group

Dollarama (TSE:DOL) had its target price upped by equities research analysts at Canaccord Genuity Group from C$112.00 to C$125.00 in a research note issued to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group’s price objective points to a potential downside of 0.54% from the company’s previous close.

A number of other analysts have also weighed in on the stock. National Bank Financial raised shares of Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, March 13th. Scotiabank upped their price objective on shares of Dollarama from C$107.00 to C$113.00 in a research note on Friday, April 5th. Royal Bank of Canada upped their price objective on shares of Dollarama from C$125.00 to C$136.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 4th. National Bankshares boosted their target price on shares of Dollarama from C$120.00 to C$130.00 and gave the stock an “outperform” rating in a report on Tuesday, May 28th. Finally, Stifel Nicolaus boosted their target price on shares of Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Dollarama has an average rating of “Moderate Buy” and a consensus target price of C$122.60.

Dollarama Price Performance

Shares of TSE:DOL opened at C$125.68 on Monday. The firm’s 50 day moving average price is C$118.12 and its 200-day moving average price is C$106.35. The stock has a market capitalization of C$35.03 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.52. Dollarama has a twelve month low of C$83.00 and a twelve month high of C$129.16. The company has a quick ratio of 0.08, a current ratio of 1.93 and a debt-to-equity ratio of 1,137.89.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Thursday, April 4th. The company reported C$1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.10. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. The business had revenue of C$1.64 billion during the quarter, compared to analyst estimates of C$1.60 billion. Equities research analysts expect that Dollarama will post 4.5049541 EPS for the current year.

Insider Buying and Selling at Dollarama

In other news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. In related news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. Also, Director John Assaly sold 1,336 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total transaction of C$150,106.41. Over the last quarter, insiders sold 69,623 shares of company stock valued at $8,058,311. Corporate insiders own 2.92% 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.