Dollarama (DLMAF) Receives a Hold from UBS

UBS analyst Mark Carden maintained a Hold rating on Dollarama (DLMAF – Research Report) today and set a price target of C$196.00. The company’s shares opened today at $140.73.

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Carden covers the Consumer Defensive sector, focusing on stocks such as Sprouts Farmers, Sysco, and Bj’s Wholesale Club Holdings. According to TipRanks, Carden has an average return of 15.1% and a 75.41% success rate on recommended stocks.

Currently, the analyst consensus on Dollarama is a Moderate Buy with an average price target of $138.78, implying a -1.38% downside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a C$185.00 price target.

Based on Dollarama’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.88 billion and a net profit of $390.95 million. In comparison, last year the company earned a revenue of $1.64 billion and had a net profit of $323.77 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DLMAF in relation to earlier this year.