Dollarama Inc. (TSE:DOL) Given Average Recommendation of “Moderate Buy” by Brokerages

Dollarama Inc. (TSE:DOL) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$125.80.

A number of research firms have issued reports on DOL. Stifel Nicolaus boosted their price objective on shares of Dollarama from C$110.00 to C$125.00 and gave the company a “hold” rating in a research report on Thursday, June 13th. BMO Capital Markets boosted their price objective on shares of Dollarama from C$124.00 to C$133.00 and gave the company an “outperform” rating in a research report on Monday, June 3rd. National Bankshares boosted their price objective on shares of Dollarama from C$130.00 to C$132.00 and gave the company an “outperform” rating in a research report on Thursday, June 13th. TD Securities boosted their price objective on shares of Dollarama from C$113.00 to C$126.00 and gave the company a “hold” rating in a research report on Tuesday, May 28th. Finally, CIBC boosted their price objective on shares of Dollarama from C$115.00 to C$128.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th.

Dollarama Trading Down 0.7 %

Shares of DOL stock opened at C$124.91 on Friday. Dollarama has a 12-month low of C$84.19 and a 12-month high of C$129.16. The firm has a market cap of C$34.82 billion, a P/E ratio of 35.09, a PEG ratio of 1.93 and a beta of 0.52. The company has a quick ratio of 0.08, a current ratio of 1.93 and a debt-to-equity ratio of 1,137.89. The company has a 50 day moving average of C$121.80 and a 200-day moving average of C$108.72.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.02. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. The firm had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. Sell-side analysts anticipate that Dollarama will post 4.5049541 earnings per share for the current year.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, August 2nd will be paid a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Friday, July 5th. Dollarama’s dividend payout ratio is currently 8.43%.

Insider Buying and Selling

In other news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$116.30, for a total value of C$7,059,410.00. Also, Director Paul Roche sold 5,541 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of C$111.23, for a total transaction of C$616,316.56. In the last quarter, insiders sold 127,886 shares of company stock valued at $15,226,504. 2.92% of the stock is owned by corporate insiders.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.