Dollarama (TSE:DOL) Given New C$44.00 Price Target at CIBC

Dollarama (TSE:DOL) had its price target boosted by CIBC from C$37.00 to C$44.00 in a research note released on Thursday, June 6th, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other brokerages also recently weighed in on DOL. BMO Capital Markets boosted their target price on shares of Dollarama from C$35.00 to C$45.00 and gave the stock a market perform rating in a research note on Wednesday, June 5th. Raymond James boosted their target price on shares of Dollarama from C$40.00 to C$45.00 and gave the stock an outperform rating in a research note on Thursday, June 6th. National Bank Financial boosted their price target on shares of Dollarama from C$41.00 to C$44.00 and gave the stock an outperform rating in a research note on Monday, June 3rd. Royal Bank of Canada dropped their price target on shares of Dollarama from C$49.00 to C$46.00 and set an outperform rating for the company in a research note on Wednesday, March 13th. Finally, Canaccord Genuity dropped their price target on shares of Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of C$48.14.

Shares of Dollarama stock opened at C$46.07 on Thursday. The company’s 50-day simple moving average is C$43.48. Dollarama has a twelve month low of C$30.70 and a twelve month high of C$52.49. The firm has a market cap of $14.09 billion and a price-to-earnings ratio of 27.20.

Dollarama (TSE:DOL) last released its quarterly earnings results on Thursday, March 28th. The company reported C$0.54 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.55 by C($0.01). The business had revenue of C$1.06 billion for the quarter, compared to analysts’ expectations of C$1.04 billion. As a group, equities research analysts anticipate that Dollarama will post 2.1099999 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Friday, July 12th will be paid a $0.044 dividend. This represents a $0.18 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, July 11th. Dollarama’s payout ratio is presently 9.68%.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Analyst Recommendations for Dollarama (TSE:DOL)

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