Dollarama Inc. (TSE:DOL) Receives C$139.18 Average Target Price from Analysts

Dollarama Inc. (TSE:DOL) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$139.18.

A number of research firms have commented on DOL. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Royal Bank of Canada boosted their price target on shares of Dollarama from C$144.00 to C$147.00 in a research report on Thursday. National Bankshares boosted their price target on shares of Dollarama from C$141.00 to C$143.00 in a research report on Thursday. Desjardins boosted their price target on shares of Dollarama from C$140.00 to C$143.00 in a research report on Thursday. Finally, CIBC boosted their price target on shares of Dollarama from C$128.00 to C$138.00 in a research report on Thursday.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. In related news, Director Nicolas Hien sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. Also, Director John Assaly sold 7,202 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. Insiders sold a total of 26,013 shares of company stock valued at $3,225,967 over the last ninety days. Insiders own 2.23% of the company’s stock.

Dollarama Price Performance

Shares of Dollarama stock opened at C$133.48 on Friday. The firm has a market cap of C$37.88 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$137.72. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09. The firm’s 50-day simple moving average is C$131.18 and its 200-day simple moving average is C$121.25.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be paid a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is 10.00%.

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.