Dollarama (TSE:DOL) Given New C$140.00 Price Target at Canaccord Genuity Group

Dollarama (TSE:DOL) had its price objective lifted by Canaccord Genuity Group from C$138.00 to C$140.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would suggest a potential downside of 3.25% from the company’s previous close.

DOL has been the subject of a number of other research reports. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. National Bankshares lifted their price target on shares of Dollarama from C$143.00 to C$149.00 in a report on Wednesday, November 20th. Desjardins lifted their price target on shares of Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Finally, BMO Capital Markets lifted their target price on shares of Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$143.27.

Dollarama Price Performance

Shares of TSE DOL traded up C$0.92 during mid-day trading on Thursday, hitting C$144.71. 70,471 shares of the stock were exchanged, compared to its average volume of 571,262. The company has a market cap of C$40.78 billion, a P/E ratio of 37.55, a PEG ratio of 1.93 and a beta of 0.56. The stock’s fifty day simple moving average is C$142.96 and its two-hundred day simple moving average is C$133.36. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97.

Dollarama (TSE:DOL) last posted its quarterly earnings data 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 during 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, analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Insider Buying and Selling at Dollarama

In related news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction 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, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. In the last ninety days, insiders sold 7,697 shares of company stock worth $1,049,979. 2.23% of the stock is 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.