Dollarama (TSE:DOL) Given New C$145.00 Price Target at CIBC

Dollarama (TSE:DOL) had its price target lifted by CIBC from C$138.00 to C$145.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 2.08% from the company’s current price.

Several other research analysts have also weighed in on the company. BMO Capital Markets upped their target price on Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. National Bankshares lowered Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday. Cfra raised Dollarama from a “hold” rating to a “buy” rating and upped their target price for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Finally, TD Securities upped their target price on Dollarama from C$154.00 to C$160.00 in a research report on Thursday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$145.00.

Dollarama Stock Up 1.3 %

Shares of Dollarama stock opened at C$142.04 on Thursday. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97. The stock has a 50-day moving average price of C$144.14 and a 200 day moving average price of C$134.41. The company 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.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The company had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.57 billion. As a group, analysts expect that Dollarama will post 5.3295203 EPS for the current fiscal year.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders have sold 7,697 shares of company stock valued at $1,049,979 in the last 90 days. 2.23% of the stock is currently 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.