Analysts Set Dollarama Inc. (TSE:DOL) Target Price at C$139.55

Shares of Dollarama Inc. (TSE:DOL) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$139.55.

DOL has been the subject of several recent research reports. National Bankshares boosted their price objective on Dollarama from C$141.00 to C$143.00 in a research report on Thursday, September 12th. CIBC upped their target price on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. BMO Capital Markets upped their target price on Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, Royal Bank of Canada upped their target price on Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th.

Dollarama Stock Performance

Shares of DOL stock opened at C$150.00 on Friday. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. Dollarama has a fifty-two week low of C$89.93 and a fifty-two week high of C$150.03. The stock has a 50 day moving average price of C$138.02 and a two-hundred day moving average price of C$129.32. The company has a market capitalization of C$42.27 billion, a P/E ratio of 38.65, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating 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 the consensus estimate of C$1.57 billion. Analysts expect that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. Dollarama’s payout ratio is presently 9.59%.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 5,167 shares of the firm’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 other news, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders have sold a total of 7,697 shares of company stock worth $1,049,979 in the last quarter. Corporate insiders own 2.23% of the company’s stock.

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.