Dollarama (TSE:DOL) Rating Lowered to “Hold” at National Bank Financial

Dollarama (TSE:DOL) was downgraded by National Bank Financial from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

DOL has been the topic of a number of other reports. Canaccord Genuity Group raised their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research note on Thursday, November 28th. National Bankshares cut Dollarama from an “outperform” rating to a “sector perform” rating in a report on Thursday. Stifel Nicolaus raised their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday. Wells Fargo & Company cut Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the company from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$145.00.

Dollarama Stock Down 0.2 %

Shares of TSE:DOL opened at C$140.22 on Wednesday. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97. The company has a market cap of C$39.51 billion, a PE ratio of 36.33, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The stock’s 50-day moving average is C$144.04 and its 200 day moving average is C$134.35.

Dollarama (TSE:DOL) last posted its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The firm had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.57 billion. Sell-side analysts anticipate that Dollarama will post 5.3295203 EPS for the current 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 that occurred 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, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders sold 7,697 shares of company stock worth $1,049,979 over the last 90 days. Company 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.