Dollarama (TSE:DOL) Given New C$146.00 Price Target at Canaccord Genuity Group

Dollarama (TSE:DOL) had its target price upped by Canaccord Genuity Group from C$140.00 to C$146.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

DOL has been the topic of several other reports. Desjardins upped their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Scotiabank upgraded Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. UBS Group set a C$147.00 target price on Dollarama and gave the stock a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus upped their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Finally, Royal Bank of Canada decreased their price objective on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Eight research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$146.23.

Dollarama Stock Up 1.3 %

Shares of TSE:DOL opened at C$150.87 on Tuesday. The firm has a market capitalization of C$41.69 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 1 year low of C$100.30 and a 1 year high of C$156.25. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The firm’s 50-day moving average is C$144.00 and its two-hundred day moving average is C$142.19.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, February 7th were paid a $0.092 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.37 annualized dividend and a yield of 0.24%. Dollarama’s dividend payout ratio is currently 9.42%.

Insiders Place Their Bets

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. 2.23% of the stock is owned by corporate insiders.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.