Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Dollarama (TSE:DOL) Stock

Dollarama (TSE:DOL – Get Free Report) had its price objective boosted by investment analysts at Canadian Imperial Bank of Commerce from C$202.00 to C$228.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target would indicate a potential upside of 18.76% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Securities decreased their price target on Dollarama from C$235.00 to C$225.00 and set a “buy” rating for the company in a research note on Wednesday, March 25th. Scotiabank decreased their price target on Dollarama from C$220.00 to C$200.00 in a research note on Wednesday, March 25th. Stifel Nicolaus raised Dollarama from a “hold” rating to a “buy” rating and increased their price target for the company from C$180.00 to C$190.00 in a research note on Tuesday, May 5th. Jefferies Financial Group reduced their price objective on Dollarama from C$235.00 to C$200.00 in a research note on Wednesday, March 25th. Finally, UBS Group reduced their price objective on Dollarama from C$210.00 to C$191.00 in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$216.00.

Read Our Latest Research Report on DOL

Dollarama Price Performance

TSE DOL traded down C$3.78 on Friday, reaching C$191.98. 429,075 shares of the stock traded hands, compared to its average volume of 715,527. The firm’s fifty day simple moving average is C$174.77 and its 200 day simple moving average is C$187.83. The company has a quick ratio of 0.08, a current ratio of 1.13 and a debt-to-equity ratio of 370.61. The company has a market cap of C$52.26 billion, a price-to-earnings ratio of 40.59, a P/E/G ratio of 1.93 and a beta of 0.37. Dollarama has a 12 month low of C$166.00 and a 12 month high of C$209.96.

Dollarama (TSE:DOL – Get Free Report) last issued its quarterly earnings results on Thursday, June 11th. The company reported C$1.11 earnings per share (EPS) for the quarter. The firm had revenue of C$1.85 billion during the quarter. Dollarama had a return on equity of 94.71% and a net margin of 18.05%. As a group, research analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

Key Dollarama News

Here are the key news stories impacting Dollarama this week:

• Positive Sentiment: Dollarama topped quarterly estimates, reporting C$1.11 EPS on revenue of C$1.85 billion, with management and media reports pointing to strong same-store sales and broad-based demand for budget essentials. Dollarama tops quarterly estimates on steady demand for low-priced essentials
• Positive Sentiment: Sales surged more than 20% year over year, reinforcing the view that Dollarama is benefiting from weakening consumer confidence and demand for value-priced goods. Dollarama sales surge over 20% amid weakening consumer confidence
• Positive Sentiment: Market commentary said Dollarama helped lift the TSX, indicating investors viewed the results as a positive read-through for the stock and for broader Canadian equities. TSX rises to one-week high as Dollarama leads broad-based gains
• Neutral Sentiment: In the earnings call and transcript, management described the quarter as “smooth” but flagged monitoring for potential supply-chain and geopolitical impacts, including risks tied to the Iran war. Dollarama has smooth Q1, bracing for impacts of Iran war: CFO
• Neutral Sentiment: Analysts had already expected a strong quarter on same-store sales momentum, so part of the move may reflect confirmation of expectations rather than a new surprise. Dollarama 1Q Rev Seen Higher on Same-Store Sales Momentum — Earnings Preview

Dollarama Company Profile

(Get Free Report)

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.

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