According to the information provided by Zacks, Dollarama Inc. (TSE: DOL-Get Rating) completed the payment of its most recent quarterly dividend on September 9. As a result, shareholders recognized as holding ownership of shares as of October 7 will be eligible to receive a 0.055-cent dividend payment per share. This payment will be made to shareholders. This translates into a dividend payment of $0.22 per year, which results in a dividend yield of 0.27% of the stock’s current value. The date shareholders will be required to pay taxes on the dividend that will be disbursed is Thursday, October 6. DOL began trading on Friday at C$80.59. These three ratios are expressed as percentages: the current ratio is 0.80, the quick ratio is 0.11, and the debt-to-equity ratio is 18.873.64. The company’s market capitalization is $23.52 billion, and its price-to-earnings ratio is 35.04. The current price of Dollarama places its 52-week low at 53.39 Canadian dollars and its 52-week high at 83.44 Canadian dollars. The moving average price of the stock over the previous 200 days is $73.55, while the moving average price for the last 50 days is $78.48.
The most recent earnings report for Dollarama, which can be found on the Toronto Stock Exchange under the symbol “DOL-Get Rating,” was made public on June 8, 2018. The company announced earnings per share for the quarter totaling 0.49 Canadian dollars, which is $0.02 higher than the average expectation of 0.47 Canadian dollars floating around the internet. In addition, the company’s quarterly sales came in at a stunning 1.07 billion Canadian dollars, significantly increasing from the average expectation of $1.03 billion. A recent study found that Dollarama will earn $3.13 per share in the current financial year. In related news, Director Josée Kouri sold 1,800 shares of Dollarama stock on June 23. This transaction is one of several that are relevant to this topic. The shares were traded on the open market for a total of 133,740.00 Canadian dollars, which works out to 74.30 Canadian dollars per share when divided by the number of shares sold. As a direct result of this transaction, the director now owns 6,954 shares of the company, which are worth about $516,682.20.
Recent times have seen a rise in analysts who have chosen to concentrate their research efforts on DOL. National Bankshares gave the company an “outperform” rating and increased their price objective on Dollarama stock from C$77.00 to C$82.00 in a research note published on August 24. In a research note published on August 16, TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and increased their target price on the stock from C$82.00 to C$86.00. Both of these moves were made about the company’s shares. Canaccord Genuity Group disclosed its decision to raise its target price for Dollarama shares from $72.00 to $80.00 in a research note released on Wednesday. The research note was published online. In a research note published on August 31, Royal Bank of Canada increased its target price for Dollarama shares from C$81.00 to C$93.00 and assessed the business as having an “outperform” position. Finally, BMO Capital Markets raised their price objective on Dollarama shares on Thursday, August 25, in a research note that was made public.
The new price objective is C$95.00, up from C$80.00. This was the third and final adjustment made, but by no means was it the least important. When compared to the number of research analysts who have issued a buy recommendation for the stock (three), seven research analysts have suggested purchasing the stock. According to the information provided by MarketBeat, the company has been given a recommendation of “Moderate Buy” on average, and analysts have determined a price target of C$81.50 for the stock as a consensus.
Canadian company Dollarama Inc. operates dollar stores. Customers can purchase general merchandise, consumables, and items that are suitable for the current season at the retail shops operated by the company. An online shop’s website is another channel through which customers can purchase the company’s wares. As of January 30, 2022, there are 1,421 stores located in that place. First established as Dollarama Capital Corporation in September 2009, the company that would later become known as Dollarama Inc. was in its infancy.
MarketBeat tracks the most well-regarded and successful research analysts working on Wall Street and the firms that these analysts recommend to their clients daily. MarketBeat also follows the companies that these analysts study closely. According to MarketBeat, Dollarama was not one of the five firms that well-known market analysts suggest their customers purchase right now before the rest of the market catches on. These professionals confidently advise their clients to make purchases right away before the rest of the market realizes what’s happening.