Brokerages Set Dollarama Inc. (TSE:DOL) Target Price at C$145.17

Dollarama Inc. (TSE:DOL) has received a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$145.17.

DOL has been the topic of a number of recent research reports. BMO Capital Markets upped their price objective on Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. Wells Fargo & Company cut shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. National Bankshares cut shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. UBS Group set a C$147.00 price objective on shares of Dollarama and gave the stock a “neutral” rating in a research report on Friday, December 13th. Finally, Stifel Nicolaus increased their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th.

Insiders Place Their Bets

In related news, Director Stephen Gunn sold 54,950 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Also, Senior Officer Mark Di Pesa sold 530 shares of the firm’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 transaction of C$76,039.10. Insiders sold a total of 57,480 shares of company stock worth $8,130,761 over the last 90 days. Company insiders own 2.23% of the company’s stock.

Dollarama Stock Performance

Dollarama stock opened at C$141.67 on Friday. The company’s 50-day moving average price is C$144.44 and its 200-day moving average price is C$135.83. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a market cap of C$39.92 billion, a PE ratio of 36.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a twelve month low of C$93.57 and a twelve month high of C$152.97.

Dollarama Announces Dividend

The firm also recently disclosed 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 0.26%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama’s payout ratio 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.