Dollarama (TSE:DOL) PT Raised to C$45.00

Dollarama (TSE:DOL) had its price target upped by Raymond James from C$40.00 to C$45.00 in a note issued to investors on Thursday, June 6th, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential downside of 2.32% from the company’s current price. Raymond James also issued estimates for Dollarama’s Q1 2022 earnings at $0.42 EPS and FY2022 earnings at $2.18 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets dropped their target price on Dollarama from C$37.00 to C$35.00 in a report on Friday, March 29th. Canaccord Genuity decreased their price target on Dollarama from C$50.00 to C$45.00 in a research note on Monday, March 25th. Royal Bank of Canada decreased their price target on Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 13th. Finally, National Bank Financial boosted their target price on Dollarama from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Dollarama presently has a consensus rating of “Buy” and an average price target of C$48.14.

DOL traded up C$0.30 during trading on Thursday, hitting C$46.07. 839,600 shares of the stock were exchanged, compared to its average volume of 847,315. The company has a market cap of $14.50 billion and a price-to-earnings ratio of 27.20. The company’s fifty day simple moving average is C$43.48. Dollarama has a 1-year low of C$30.70 and a 1-year high of C$52.49.

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

Dollarama Company Profile

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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