Dollarama (TSE:DOL – Get Free Report) was upgraded by investment analysts at TD Securities from a “hold” rating to a “buy” rating in a report released on Thursday, BayStreet.CA reports. The firm presently has a C$154.00 price objective on the stock, up from their prior price objective of C$150.00. TD Securities’ price target indicates a potential upside of 13.80% from the company’s current price.
A number of other research analysts have also weighed in on DOL. National Bankshares lifted their target price on Dollarama from C$141.00 to C$143.00 in a report on Thursday. Desjardins increased their target price on Dollarama from C$140.00 to C$143.00 in a research note on Thursday. CIBC upped their price target on Dollarama from C$128.00 to C$138.00 in a report on Thursday. Stifel Nicolaus upped their price target on Dollarama from C$125.00 to C$136.00 in a research report on Thursday. Finally, BMO Capital Markets raised their price objective on Dollarama from C$138.00 to C$147.00 in a research note on Thursday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$139.18.
View Our Latest Analysis on Dollarama
Dollarama Stock Down 0.1 %
Dollarama (TSE:DOL – Get Free Report) last released its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.75 by C$0.02. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. The company had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. On average, sell-side analysts predict that Dollarama will post 4.4967696 EPS for the current fiscal year.
Insider Activity
In related news, Director Paul Roche sold 1,152 shares of Dollarama stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$122.07, for a total value of C$140,627.52. In other Dollarama news, Director Paul Roche sold 1,152 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of C$122.07, for a total transaction of C$140,627.52. Also, Director Nicolas Hien sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total value of C$1,830,693.00. Insiders sold 66,465 shares of company stock worth $8,220,415 over the last ninety days. Corporate 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.
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