Dollarama Inc. (DOL) To Go Ex-Dividend on October 4th

Dollarama Inc. (TSE:DOL) announced a quarterly dividend on Friday, October 4th, Zacks reports. Stockholders of record on Friday, November 1st will be given a dividend of 0.092 per share on Friday, November 1st. This represents a $0.37 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, October 4th.

Dollarama Price Performance

TSE:DOL opened at C$136.66 on Wednesday. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The firm has a market cap of C$38.51 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$138.88. The company’s 50-day moving average price is C$132.83 and its two-hundred day moving average price is C$123.75.

Insider Buying and Selling

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. In other news, Director John Assaly sold 7,202 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total value of C$922,050.45. Also, Director Nicolas Hien sold 5,167 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders sold a total of 13,369 shares of company stock valued at $1,750,712 over the last ninety days. Insiders own 2.23% of the company’s stock.

Analysts Set New Price Targets

DOL has been the topic of a number of research analyst reports. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and increased their price target for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Wells Fargo & Company cut Dollarama from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. BMO Capital Markets lifted their price target on Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Royal Bank of Canada increased their price objective on shares of Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Finally, CIBC boosted their target price on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$139.18.

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.