Royal Bank of Canada Raises Dollarama (TSE:DOL) Price Target to C$160.00

Dollarama (TSE:DOL) had its price target boosted by Royal Bank of Canada from C$147.00 to C$160.00 in a research note issued to investors on Monday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. National Bankshares upped their price target on shares of Dollarama from C$143.00 to C$149.00 in a research note on Wednesday, November 20th. 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 note on Tuesday, October 15th. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. Finally, Stifel Nicolaus raised their target price on Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$141.91.

Dollarama Price Performance

TSE DOL opened at C$143.79 on Monday. The firm’s fifty day simple moving average is C$142.81 and its two-hundred day simple moving average is C$133.18. The firm has a market capitalization of C$40.52 billion, a P/E ratio of 37.36, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 12-month low of C$89.93 and a 12-month high of C$152.97.

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

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders 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 0.26%. Dollarama’s payout ratio is currently 9.59%.

Insider Buying and Selling at Dollarama

In related news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction 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 company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Over the last ninety days, insiders sold 7,697 shares of company stock valued at $1,049,979. 2.23% of the stock is 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.