Jefferies Sticks to Their Buy Rating for Dollarama (DLMAF)
Jefferies analyst Corey Tarlowe maintained a Buy rating on Dollarama (DLMAF – Research Report) today and set a price target of C$223.00. The company’s shares closed today at $142.83.
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Tarlowe covers the Consumer Cyclical sector, focusing on stocks such as Abercrombie Fitch, Costco, and Dollar General. According to TipRanks, Tarlowe has an average return of 11.9% and a 58.27% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dollarama with a $138.78 average price target, implying a -2.84% downside from current levels. In a report released today, TD Securities also maintained a Buy rating on the stock with a C$210.00 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.
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- Dollarama price target raised to C$205 from C$185 at Desjardins
- Dollarama price target raised to C$207 from C$190 at RBC Capital
- Dollarama price target raised to C$190 from C$162.50 at Stifel
- Dollarama price target raised to C$204 from C$174 at CIBC
- Dollarama price target raised to C$207 from C$182 at National Bank
