Dollarama Inc. (TSE:DOL) Receives Average Recommendation of “Moderate Buy” from Analysts

Dollarama Inc. (TSE:DOL) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$141.91.

A number of brokerages recently commented on DOL. Stifel Nicolaus raised their price target on Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. BMO Capital Markets raised their target price on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. CIBC lifted their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Finally, Royal Bank of Canada boosted their price objective on shares of Dollarama from C$147.00 to C$160.00 in a research report on Monday.

Insider Activity

In related news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of the company’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 transaction of C$698,490.04. In the last ninety days, insiders sold 7,697 shares of company stock worth $1,049,979. Insiders own 2.23% of the company’s stock.

Dollarama Stock Up 0.6 %

Shares of DOL opened at C$143.80 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97. The firm’s 50 day moving average is C$142.61 and its 200-day moving average is C$133.01. The stock has a market capitalization of C$40.52 billion, a PE ratio of 37.25, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. The firm had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. Equities research analysts forecast that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. Dollarama’s payout ratio is presently 9.59%.

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.