Dollarama Inc. (TSE:DOL) Director Nicolas Hien Sells 5,167 Shares

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04.

Dollarama Trading Up 0.1 %

Shares of DOL traded up C$0.11 during trading hours on Friday, hitting C$135.38. The stock had a trading volume of 1,606,089 shares, compared to its average volume of 572,045. Dollarama Inc. has a 12-month low of C$89.93 and a 12-month high of C$137.72. The firm has a market cap of C$38.42 billion, a P/E ratio of 36.33, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09. The company’s fifty day simple moving average is C$131.52 and its 200 day simple moving average is C$121.77.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be paid a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Friday, October 4th. Dollarama’s dividend payout ratio is currently 10.00%.

Wall Street Analysts Forecast Growth

DOL has been the subject of several analyst reports. Desjardins boosted their target price on shares of Dollarama from C$140.00 to C$143.00 in a research note on Thursday, September 12th. Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. National Bankshares upped their price objective on shares of Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. BMO Capital Markets lifted their target price on shares of Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. Finally, TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and boosted their price target for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$139.18.

About Dollarama

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.