Dollarama (TSE:DOL) Price Target Raised to C$160.00

Dollarama (TSE:DOL) had its target price lifted by BMO Capital Markets from C$154.00 to C$160.00 in a research report sent to investors on Friday morning,BayStreet.CA reports.

DOL has been the topic of a number of other reports. Royal Bank of Canada decreased their price target on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. UBS Group set a C$147.00 target price on shares of Dollarama and gave the stock a “neutral” rating in a research note on Friday, December 13th. CIBC upped their target price on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. TD Securities upped their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Finally, Stifel Nicolaus increased their price objective on shares of Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Seven 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$145.67.

Dollarama Stock Performance

TSE:DOL opened at C$149.98 on Friday. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The stock has a market capitalization of C$41.45 billion, a PE ratio of 38.20, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a fifty-two week low of C$100.30 and a fifty-two week high of C$156.25. The company has a fifty day moving average of C$142.31 and a two-hundred day moving average of C$141.47.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, February 7th were given a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was Friday, January 10th. Dollarama’s payout ratio is 9.42%.

Insider Activity at Dollarama

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the business’s 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 value of C$1,256,386.50. 2.23% of the stock is owned by insiders.

Dollarama Company Profile

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.