Industrial Alliance Securities Lowers Dollarama (DOL) to Hold

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Dollarama (TSE:DOL) was downgraded by stock analysts at Industrial Alliance Securities from a “buy” rating to a “hold” rating in a report released on Thursday.

DOL has been the subject of a number of other reports. Raymond James raised Dollarama from a “hold” rating to a “buy” rating and upped their price target for the company from C$165.00 to C$173.00 in a report on Monday, May 28th. National Bank Financial upped their price target on Dollarama from C$161.00 to C$167.00 and gave the company an “outperform” rating in a report on Monday, April 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$152.00 price target on shares of Dollarama in a report on Monday, April 2nd. Scotiabank lowered their price target on Dollarama from C$169.00 to C$167.00 and set an “outperform” rating for the company in a report on Friday, June 8th. Finally, CIBC lowered their price target on Dollarama from C$178.00 to C$177.00 in a report on Friday, June 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of C$168.23.

Dollarama traded up C$0.77, reaching C$53.63, on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 281,817 shares, compared to its average volume of 1,028,531. Dollarama has a fifty-two week low of C$39.53 and a fifty-two week high of C$56.67.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Thursday, June 7th. The company reported C$0.92 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.93 by C($0.01). The company had revenue of C$756.07 million during the quarter, compared to analysts’ expectations of C$762.70 million.

In other news, Director John Assaly sold 13,404 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of C$153.60, for a total transaction of C$2,058,854.40. Also, insider Geoffrey Peter Robillard sold 48,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of C$150.07, for a total value of C$7,203,360.00.

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 January 28, 2018, it operated 1,160 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

Analyst Recommendations for Dollarama (TSE:DOL)

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