Dollarama (TSE:DOL) Given New C$140.00 Price Target at Stifel Nicolaus

Dollarama (TSE:DOL) had its target price raised by research analysts at Stifel Nicolaus from C$136.00 to C$140.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ target price suggests a potential downside of 0.24% from the stock’s current price.

Several other research firms have also weighed in on DOL. Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. CIBC lifted their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. TD Securities lifted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$130.00 to C$155.00 in a research note on Thursday, September 12th. Finally, BMO Capital Markets lifted their price objective on shares of Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$145.00.

Dollarama Trading Down 0.2 %

TSE:DOL traded down C$0.22 during mid-day trading on Thursday, hitting C$140.34. 430,709 shares of the company’s stock were exchanged, compared to its average volume of 576,977. The company has a 50 day simple moving average of C$143.97 and a 200-day simple moving average of C$134.23. 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 fifty-two week low of C$89.93 and a fifty-two week high of C$152.97. The firm has a market capitalization of C$39.55 billion, a P/E ratio of 36.34, a PEG ratio of 1.93 and a beta of 0.56.

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

Insider Transactions at Dollarama

In other news, Director John Huw Thomas sold 2,000 shares of the stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Over the last ninety days, insiders have sold 7,697 shares of company stock valued at $1,049,979. 2.23% of the stock is currently owned by corporate insiders.

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.