Royal Bank of Canada Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price objective raised by analysts at Royal Bank of Canada from C$147.00 to C$160.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 10.99% from the stock’s previous close.

DOL has been the topic of a number of other reports. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC raised their price objective on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. National Bankshares raised their price objective on shares of Dollarama from C$143.00 to C$149.00 in a report on Wednesday, November 20th. Finally, Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$141.91.

Dollarama Trading Down 0.9 %

DOL traded down C$1.35 during mid-day trading on Monday, hitting C$144.16. The stock had a trading volume of 297,811 shares, compared to its average volume of 566,102. The stock’s fifty day simple moving average is C$142.45 and its 200-day simple moving average is C$132.84. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The firm has a market capitalization of C$40.62 billion, a price-to-earnings ratio of 37.32, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$152.97.

Dollarama (TSE:DOL) last posted its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, topping the consensus estimate of C$0.96 by C$0.06. The company had revenue of C$1.56 billion for the quarter, compared to analyst estimates 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 forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. In the last 90 days, insiders sold 7,697 shares of company stock valued at $1,049,979. Company 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.