Dollarama (TSE:DOL – Get Free Report) had its price target hoisted by investment analysts at BMO Capital Markets from C$138.00 to C$147.00 in a report issued on Thursday, BayStreet.CA reports. BMO Capital Markets’ target price indicates a potential upside of 10.13% from the company’s previous close.
Several other research analysts also recently commented on the stock. Stifel Nicolaus lifted their target price on shares of Dollarama from C$110.00 to C$125.00 and gave the stock a “hold” rating in a research note on Thursday, June 13th. Canaccord Genuity Group upped their price target on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Royal Bank of Canada lifted their price objective on Dollarama from C$138.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. CIBC upped their target price on Dollarama from C$128.00 to C$138.00 in a report on Thursday. Finally, Desjardins boosted their price objective on shares of Dollarama from C$140.00 to C$143.00 in a research report on Thursday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Dollarama presently has an average rating of “Moderate Buy” and an average price target of C$139.18.
Get Our Latest Analysis on Dollarama
Dollarama Stock Performance
Dollarama (TSE:DOL – Get Free Report) last released its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, topping 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 the consensus estimate of C$1.41 billion. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. As a group, equities research analysts predict that Dollarama will post 4.4967696 EPS for the current fiscal year.
Insider Buying and Selling at Dollarama
In other news, Director Nicolas Hien sold 15,000 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. In other Dollarama news, 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. Also, Senior Officer Johanne Choinière sold 2,811 shares of Dollarama stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. In 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.
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