Dollarama (TSE:DOL) Price Target Cut to C$42.00

Dollarama (TSE:DOL) had its price objective decreased by BMO Capital Markets from C$47.00 to C$42.00 in a research report sent to investors on Friday, November 2nd.

A number of other equities research analysts also recently commented on DOL. Industrial Alliance Securities raised shares of Dollarama from a hold rating to a buy rating and set a C$54.50 target price for the company in a research report on Thursday, September 6th. Barclays lifted their target price on shares of Dollarama from C$52.00 to C$53.00 in a research report on Wednesday, September 12th. Desjardins downgraded shares of Dollarama from a buy rating to a hold rating and cut their target price for the stock from C$58.00 to C$45.00 in a research report on Friday, September 14th. National Bank Financial cut shares of Dollarama from an outperform rating to a sector perform rating and dropped their price target for the stock from C$56.00 to C$48.00 in a research note on Friday, September 14th. Finally, Macquarie lowered their target price on shares of Dollarama from C$56.33 to C$49.00 in a research note on Friday, September 14th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of C$77.65.

Shares of TSE DOL traded down C$0.57 on Friday, reaching C$36.98. 1,176,400 shares of the company’s stock traded hands, compared to its average volume of 1,071,450. Dollarama has a 12 month low of C$33.50 and a 12 month high of C$56.67.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, September 13th. The company reported C$0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.44 by C($0.01). The company had revenue of C$868.45 million for the quarter, compared to the consensus estimate of C$883.00 million. On average, sell-side analysts anticipate that Dollarama will post 1.92000006544874 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.43%. The ex-dividend date was Thursday, October 4th. Dollarama’s payout ratio is currently 9.64%.

In other news, insider Geoffrey Peter Robillard sold 20,000 shares of the business’s stock in a transaction dated Friday, October 26th. The shares were sold at an average price of C$39.19, for a total value of C$783,800.00. Also, insider Michael Ross bought 1,400 shares of Dollarama stock in a transaction dated Thursday, October 11th. The stock was acquired at an average price of C$36.98 per share, for a total transaction of C$51,772.00.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of July 29, 2018, it operated 1,178 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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