Dollarama Inc. (TSE:DOL) Receives Average Rating of “Hold” from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been assigned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$145.17.

A number of research analysts recently commented on the stock. National Bank Financial lowered shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Desjardins upped their price objective on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. UBS Group set a C$147.00 target price on Dollarama and gave the stock a “neutral” rating in a report on Friday, December 13th. TD Securities upped their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut shares of Dollarama from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th.

Insider Activity at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Over the last three months, insiders have sold 57,480 shares of company stock valued at $8,130,761. Corporate insiders own 2.23% of the company’s stock.

Dollarama Stock Down 0.1 %

Shares of Dollarama stock opened at C$138.51 on Friday. Dollarama has a 1-year low of C$92.21 and a 1-year high of C$152.97. The company has a market capitalization of C$39.03 billion, a P/E ratio of 35.88, a PEG ratio of 1.93 and a beta of 0.56. The business’s fifty day moving average price is C$144.57 and its two-hundred day moving average price is C$135.57. 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 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 given a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is 9.59%.

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.