Dollarama (TSE:DOL) had its target price boosted by equities research analysts at TD Securities from C$49.00 to C$50.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 5.15% from the company’s previous close.

A number of other brokerages have also recently commented on DOL. Desjardins cut Dollarama from a “buy” rating to a “hold” rating and lifted their target price for the stock from C$43.00 to C$49.00 in a report on Friday, June 14th. Industrial Alliance Securities lifted their target price on Dollarama from C$43.00 to C$45.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. BMO Capital Markets lifted their target price on Dollarama from C$50.00 to C$52.00 and gave the stock a “market perform” rating in a report on Wednesday, July 3rd. Royal Bank of Canada lifted their target price on Dollarama from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a report on Friday. Finally, CIBC lifted their target price on Dollarama from C$48.00 to C$50.00 in a report on Friday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Dollarama currently has a consensus rating of “Hold” and a consensus target price of C$48.45.

TSE:DOL traded down C$0.59 during trading hours on Friday, reaching C$47.55. The stock had a trading volume of 436,319 shares, compared to its average volume of 799,846. Dollarama has a 52 week low of C$30.70 and a 52 week high of C$52.12. The company has a 50 day moving average price of C$50.01 and a two-hundred day moving average price of C$43.63. The stock has a market capitalization of $15.20 billion and a PE ratio of 28.07.

Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, June 13th. The company reported C$0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.33. The firm had revenue of C$828.04 million during the quarter, compared to the consensus estimate of C$803.80 million. Sell-side analysts anticipate that Dollarama will post 2.16 EPS for the current fiscal year.

In related news, Director Gregory David sold 12,000 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of C$48.35, for a total transaction of C$580,148.40. Also, Director Stephen Gunn sold 4,453 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of C$49.16, for a total value of C$218,923.73. Following the transaction, the director now owns 92,101 shares of the company’s stock, valued at approximately C$4,527,979.88. In the last quarter, insiders sold 118,453 shares of company stock valued at $5,883,301.

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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