Dollarama Inc. (TSE:DOL) Receives C$145.17 Average Target Price from Analysts

Dollarama Inc. (TSE:DOL) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$145.17.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. National Bank Financial lowered shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. UBS Group set a C$147.00 price objective on shares of Dollarama and gave the stock a “neutral” rating in a research note on Friday, December 13th. Finally, CIBC upped their price objective on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th.

Dollarama Trading Down 1.0 %

Shares of DOL opened at C$138.17 on Monday. The company’s fifty day moving average is C$139.40 and its 200 day moving average is C$138.96. Dollarama has a fifty-two week low of C$98.93 and a fifty-two week high of C$152.97. The stock has a market capitalization of C$38.93 billion, a PE ratio of 35.80, a P/E/G 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.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were paid a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s payout ratio is 9.59%.

Insider Transactions at Dollarama

In other Dollarama news, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 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.