Dollarama (DOL) Price Target Cut to C$37.00 by Analysts at CIBC

Dollarama (TSE:DOL) had its target price lowered by CIBC from C$40.00 to C$37.00 in a report released on Friday morning.

Other equities research analysts have also issued research reports about the stock. TD Securities decreased their price objective on shares of Dollarama from C$44.00 to C$40.00 in a research note on Friday. Desjardins decreased their price objective on shares of Dollarama from C$45.00 to C$43.00 in a research note on Friday. BMO Capital Markets decreased their price objective on shares of Dollarama from C$42.00 to C$37.00 in a research note on Friday. National Bank Financial reduced their target price on shares of Dollarama from C$44.00 to C$39.00 and set a sector perform rating for the company in a research report on Friday. Finally, Macquarie reduced their target price on shares of Dollarama from C$56.33 to C$49.00 in a research report on Friday, September 14th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Dollarama presently has an average rating of Buy and a consensus price target of C$54.21.

TSE:DOL traded down C$0.53 on Friday, hitting C$32.80. The stock had a trading volume of 1,730,100 shares, compared to its average volume of 1,096,239. Dollarama has a 1 year low of C$31.35 and a 1 year high of C$56.67.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Thursday, September 13th. The company reported C$0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.44 by C($0.01). The business had revenue of C$868.45 million for the quarter, compared to analysts’ expectations of C$883.00 million. Equities analysts forecast that Dollarama will post 1.92999984701221 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 8th. Stockholders of record on Friday, January 11th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Thursday, January 10th. Dollarama’s dividend payout ratio is currently 10.06%.

In related news, insider Geoffrey Peter Robillard sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 acquired 1,400 shares of the business’s stock in a transaction that occurred on Thursday, October 11th. The stock was acquired at an average cost of C$36.98 per share, with a total value 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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Analyst Recommendations for Dollarama (TSE:DOL)

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