Dollarama (TSE:DOL) Price Target Raised to C$154.00

Dollarama (TSE:DOL) had its price target hoisted by BMO Capital Markets from C$147.00 to C$154.00 in a report released on Friday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their target price on shares of Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. Wells Fargo & Company cut shares of Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Stifel Nicolaus boosted their price target on shares of Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. National Bankshares boosted their price target on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Finally, Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price target for the company from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$140.73.

Dollarama Stock Performance

Dollarama stock opened at C$145.51 on Friday. The firm has a 50 day simple moving average of C$142.45 and a 200-day simple moving average of C$132.84. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$152.97. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The stock has a market cap of C$41.00 billion, a price-to-earnings ratio of 37.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

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

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.25%. Dollarama’s dividend payout ratio (DPR) is 9.59%.

Insider Transactions at Dollarama

In other news, Senior Officer Mark Di Pesa sold 530 shares of the 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 Nicolas Hien sold 5,167 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders have sold a total of 7,697 shares of company stock worth $1,049,979 over the last ninety days. 2.23% of the stock is currently owned by company insiders.

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.