Dollarama (TSE:DOL) Hits New 12-Month High – Time to Buy?

Dollarama Inc. (TSE:DOL)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$139.74 and last traded at C$138.93, with a volume of 162521 shares trading hands. The stock had previously closed at C$138.71.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. CIBC lifted their target price on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and lifted their target price for the company from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Stifel Nicolaus lifted their target price on Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. National Bankshares lifted their target price on Dollarama from C$141.00 to C$143.00 in a research report on Thursday, September 12th. Finally, Royal Bank of Canada boosted their price objective on Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$139.18.

Dollarama Price Performance

The stock has a market capitalization of C$39.40 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The company has a 50 day moving average of C$133.56 and a 200 day moving average of C$124.91.

Dollarama (TSE:DOL) last released its earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, topping the consensus estimate of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The firm had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. As a group, equities research analysts anticipate that Dollarama Inc. will post 5.296851 EPS for the current year.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, November 1st will be given a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. In other news, Director John Assaly sold 7,202 shares of the business’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 business’s stock in a transaction dated 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 the last ninety days, insiders sold 14,369 shares of company stock valued at $1,895,990. 2.23% of the stock is currently owned by corporate insiders.

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.