Dollarama (TSE:DOL) Raised to “Buy” at TD Securities

Dollarama (TSE:DOL) was upgraded by stock analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a C$154.00 price target on the stock, up from their prior price target of C$150.00. TD Securities’ target price points to a potential upside of 15.37% from the company’s current price.

DOL has been the topic of a number of other research reports. CIBC upped their price target on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday. National Bankshares lifted their target price on Dollarama from C$141.00 to C$143.00 in a report on Thursday. BMO Capital Markets increased their target price on shares of Dollarama from C$138.00 to C$147.00 in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Dollarama from C$125.00 to C$136.00 in a research report on Thursday. Finally, Canaccord Genuity Group lifted their price objective on Dollarama from C$112.00 to C$125.00 in a 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 stock. According to data from MarketBeat, Dollarama presently has an average rating of “Moderate Buy” and a consensus target price of C$139.18.

Dollarama Trading Down 1.2 %

Dollarama stock opened at C$133.48 on Thursday. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09. The stock has a 50-day simple moving average of C$131.18 and a 200 day simple moving average of C$121.05. The stock has a market capitalization of C$37.88 billion, a P/E ratio of 36.08, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 52 week low of C$89.93 and a 52 week high of C$137.72.

Dollarama (TSE:DOL) last posted its earnings results 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 business had revenue of C$1.41 billion for the quarter, compared to analyst estimates of C$1.41 billion. Analysts expect that Dollarama will post 4.4967696 earnings per share for the current year.

Insider Transactions at Dollarama

In related news, Director Nicolas Hien sold 15,000 shares of Dollarama stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. In other news, Senior Officer Mark Di Pesa sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 530 shares in the company, valued at approximately C$68,991.16. Also, Director Nicolas Hien sold 15,000 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. Over the last three months, insiders have sold 26,013 shares of company stock worth $3,225,967. Insiders own 2.23% 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.