Dollarama (TSE:DOL) Given New C$140.00 Price Target at Stifel Nicolaus

Dollarama (TSE:DOL) had its target price increased by equities researchers at Stifel Nicolaus from C$136.00 to C$140.00 in a report issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential downside of 1.44% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. National Bankshares raised their price target on Dollarama from C$143.00 to C$149.00 in a report on Wednesday, November 20th. TD Securities raised their price target on Dollarama from C$154.00 to C$160.00 in a report on Thursday. Desjardins raised their price target on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday. BMO Capital Markets raised their price target on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Finally, CIBC raised their price objective on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$145.00.

Dollarama Price Performance

Shares of Dollarama stock opened at C$142.04 on Thursday. Dollarama has a one year low of C$89.93 and a one year high of C$152.97. The stock’s fifty day moving average is C$144.14 and its 200 day moving average is C$134.41. The stock has a market cap of C$40.02 billion, a P/E ratio of 36.80, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. The business had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. Sell-side analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of Dollarama 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. Over the last quarter, insiders sold 7,697 shares of company stock worth $1,049,979. Corporate 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.