Dollarama Inc. (TSE:DOL) Receives C$139.18 Consensus Price Target from Analysts

Dollarama Inc. (TSE:DOL) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$139.18.

Several equities research analysts have weighed in on the company. CIBC increased their price target on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. National Bankshares lifted their price target on Dollarama from C$141.00 to C$143.00 in a research report on Thursday, September 12th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$112.00 to C$125.00 in a report on Monday, June 10th. Finally, Stifel Nicolaus increased their price target on shares of Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th.

Dollarama Stock Down 1.3 %

DOL stock opened at C$134.70 on Friday. The company has a debt-to-equity ratio of 1,073.06, a current ratio of 2.09 and a quick ratio of 0.08. The firm’s fifty day simple moving average is C$131.34 and its 200-day simple moving average is C$121.47. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$137.72. The company has a market capitalization of C$38.23 billion, a P/E ratio of 36.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be issued a $0.092 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s payout ratio is 10.00%.

Insider Transactions at Dollarama

In related news, Director John Assaly sold 7,202 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total value of C$922,050.45. In other Dollarama news, Director John Assaly sold 7,202 shares of Dollarama stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total transaction of C$922,050.45. Also, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the completion of the sale, the insider now directly owns 530 shares of the company’s stock, valued at C$68,991.16. Insiders own 2.23% of the company’s stock.

About Dollarama

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.