Dollarama Inc. (TSE:DOL) Receives C$145.17 Average Target Price from Analysts

Dollarama Inc. (TSE:DOL) has earned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$145.17.

Several equities analysts have recently issued reports on DOL shares. Stifel Nicolaus lifted their price objective on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. National Bankshares cut Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. Scotiabank upgraded Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. Royal Bank of Canada dropped their target price on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Finally, Desjardins boosted their target price on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd.

Dollarama Stock Performance

TSE DOL opened at C$138.17 on Monday. The company has a market cap of C$38.93 billion, a P/E ratio of 35.80, a P/E/G ratio of 1.93 and a beta of 0.56. 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 50-day moving average of C$139.40 and a two-hundred day moving average of C$138.96. Dollarama has a 1-year low of C$98.93 and a 1-year high of C$152.97.

Dollarama Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, February 7th were given a dividend of $0.092 per share. The ex-dividend date was Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s payout ratio is 9.59%.

Insider Activity at Dollarama

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. Also, 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. Corporate insiders own 2.23% of the company’s stock.

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.