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

Dollarama Inc. (TSE:DOL) has earned an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$145.17.

Several research firms have recently issued reports on DOL. Stifel Nicolaus lifted their target price on shares of Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. CIBC increased their price target on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Desjardins boosted their price objective on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Canaccord Genuity Group increased their target price on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Finally, TD Securities boosted their target price on Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th.

Insider Activity at Dollarama

In other news, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is currently owned by company insiders.

Dollarama Price Performance

Shares of DOL stock opened at C$133.34 on Thursday. The business’s fifty day moving average is C$141.90 and its 200 day moving average is C$137.53. The stock has a market cap of C$37.57 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. Dollarama has a twelve month low of C$97.80 and a twelve month high of C$152.97.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, February 7th will be issued a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, January 10th. Dollarama’s payout ratio is 9.59%.

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.