15:03:45 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Dollarama Inc
Symbol DOL
Shares Issued 282,664,101
Close 2023-08-31 C$ 87.61
Market Cap C$ 24,764,201,889
Recent Sedar Documents

Globe says Shreedhar keeps Dollarama at "outperform"

2023-09-01 07:48 ET - In the News

The Globe and Mail reports in its Friday, Sept. 1, edition that National Bank Financial analyst Vishal Shreedhar has reaffirmed his "outperform" recommendation for Dollarama. The Globe's David Leeder writes in the Eye On Equities column that Mr. Shreedhar gave his share target a $2 boost to $97. Analysts on average target the shares at $91.32. The Globe reports that Mr. Shreedhar expects "solid" second quarter results and a "favourable" guidance revision from Dollarama when it reports on Sept. 13. Mr. Shreedhar says in a note: "We continue to hold a positive view on Dollarama's shares given its defensive growth orientation supported by strong cash flows, a solid balance sheet and resilient sales performance. Over the medium term, we believe that Dollarama will be well positioned to grow earnings given anticipated network expansion, favorable sssg [same-store sales growth] and ongoing development of the international business. In addition, we believe that acquisitions are a possibility. ... A key investor question is can Dollarama outperform. We think it can, provided fundamental performance remains strong. In our view, Dollarama is a well-managed retailer, and we expect the company's growth to remain solid.

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