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

Dollarama Inc. (TSE:DOL) has been assigned an average rating of “Moderate Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$147.00.

DOL has been the subject of several recent analyst reports. Scotiabank upgraded shares of Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. Desjardins boosted their target price on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. National Bank Financial upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Canaccord Genuity Group raised their target price on Dollarama from C$140.00 to C$146.00 and gave the company a “hold” rating in a report on Tuesday, March 25th. Finally, BMO Capital Markets upped their target price on shares of Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th.

Dollarama Trading Up 1.5 %

TSE:DOL opened at C$153.88 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The stock’s 50 day simple moving average is C$145.38 and its 200-day simple moving average is C$142.83. Dollarama has a 12-month low of C$100.30 and a 12-month high of C$156.25. The firm has a market cap of C$42.52 billion, a P/E ratio of 39.19, a PEG ratio of 1.93 and a beta of 0.56.

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 issued a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.24%. The ex-dividend date of this dividend was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is 9.42%.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction on 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.