Dollarama Inc. (TSE:DOL) Given Consensus Rating of “Hold” by Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$145.17.

Several research firms have recently weighed in on DOL. TD Securities lifted their price target on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. CIBC upped their target price on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. UBS Group set a C$147.00 price target on Dollarama and gave the company a “neutral” rating in a research note on Friday, December 13th. National Bankshares downgraded Dollarama from an “outperform” rating to a “sector perform” rating in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their target price on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd.

Dollarama Trading Down 1.3 %

Shares of DOL opened at C$134.30 on Thursday. The firm has a market capitalization of C$37.84 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. Dollarama has a 1-year low of C$97.80 and a 1-year high of C$152.97. The company has a 50-day moving average of C$142.87 and a 200 day moving average of C$137.44.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, February 7th will be issued a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.27%. The ex-dividend date is Friday, January 10th. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Transactions at Dollarama

In related news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Insiders own 2.23% of the company’s stock.

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.