16:53:10 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Dollarama Inc
Symbol DOL
Shares Issued 278,760,573
Close 2024-03-28 C$ 103.19
Market Cap C$ 28,765,303,528
Recent Sedar Documents

Globe says Nattel stays "constructive" on Dollarama

2024-03-28 07:40 ET - In the News

The Globe and Mail reports in its Thursday edition that RBC Dominion Securities analyst Irene Nattel is reiterating her "constructive" stance on Dollarama ahead of the April 4 release of its fourth quarter financial results, believing it will continue to benefit from difficult macroeconomic conditions for Canadian consumers. The Globe's David Leeder writes in the Eye On Equities column that Ms. Nattel gave her share target a $4 boost to $118. Analysts on average target the shares at $104.92. Ms. Nattel says in a note: "Narrative during the latest round of earnings releases reinforces our thesis that Dollarama is the best positioned of any Canadian retailer with an offering and price point that resonates particularly well with the value-oriented consumer spending and sentiment backdrop. In our view, the stock remains attractive with excellent visibility and sustainability of growth runway, Dollarcity optionality, and perennial return of capital to shareholders through both dividend growth and share buyback." Ms. Nattel is now forecasting quarterly earnings per share of $1.06, up 17 per cent year-over-year and in line with the consensus on the Street of $1.04. As well, she foresees a boost to Dollarama's annual dividend.

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