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Strategies & Market Trends : Dino's Bar & Grill

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To: longz who wrote (34078)	9/11/2017 8:36:04 AM
From: Goose94	Read Replies (2) of 203020

DOLLARAMA (DOL-T) Desjardins Securities analyst Keith Howlett, in reaction to "blockbuster" second quarter 2018 financial results, raised his rating for Dollarama ($139.50) to "buy" from "hold." Mr. Howlett bumped his share target to $154 from $134. Analysts on average target the shares at $143.20. On Thursday, Dollarama posted quarterly diluted earnings per share of $1.15, exceeding the forecasts of both Mr. Howlett ($1.06) and the Street ($1.04). It was a jump of 30.7 per cent year over year, driven by a 1.28-per-cent increase in gross margin rate and 1.34-per-cent decline in expense rate. Mr. Howlett says: "The introduction over time of products with higher price points (up to $4), which still offer compelling value, has been a resounding success. Inventory velocity has gradually been increasing, even as sales mix shifts to the higher-price-point products." Elsewhere, Raymond James analyst Kenric Tyghe maintained an "outperform" rating for the stock and raised his share target to $143 from $140. BMO analyst Peter Sklar hiked his target to $150 from $141, maintaining an "outperform" rating.

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