Analysts Set Dollarama Inc. (TSE:DOL) Price Target at C$141.91

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$143.27.

Several analysts have commented on the stock. Desjardins lifted their price objective on shares of Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company downgraded Dollarama from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Canaccord Genuity Group raised their target price on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday. TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the company from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Finally, CIBC boosted their target price on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th.

Insider Activity at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Insiders sold 7,697 shares of company stock worth $1,049,979 in the last ninety days. 2.23% of the stock is owned by company insiders.

Dollarama Trading Up 0.7 %

TSE DOL opened at C$145.84 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The business has a fifty day simple moving average of C$143.16 and a 200 day simple moving average of C$133.54. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97. The firm has a market capitalization of C$41.09 billion, a P/E ratio of 37.51, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The firm had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. On average, analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Announces Dividend

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