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

Shares of Dollarama Inc. (TSE:DOL) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$145.17.

Several analysts recently weighed in on DOL shares. National Bankshares downgraded Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. Stifel Nicolaus increased their price objective on Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. BMO Capital Markets boosted their target price on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. CIBC upped their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Finally, Royal Bank of Canada decreased their price target on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th.

Dollarama Stock Performance

Shares of DOL opened at C$153.24 on Friday. The company has a market capitalization of C$42.35 billion, a PE ratio of 39.03, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a one year low of C$100.30 and a one year high of C$153.66. The company’s fifty day moving average price is C$140.81 and its 200 day moving average price is C$140.65.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, February 7th were paid a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, January 10th. Dollarama’s dividend payout ratio is 9.42%.

Insider Activity

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

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.