Dollarama Inc. (TSE:DOL) Director Sells C$698,490.04 in Stock

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04.

Dollarama Trading Up 0.1 %

DOL opened at C$135.38 on Monday. Dollarama Inc. has a twelve month low of C$89.93 and a twelve month high of C$137.72. The company has a 50-day simple moving average of C$131.64 and a 200 day simple moving average of C$122.14. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The stock has a market capitalization of C$38.15 billion, a price-to-earnings ratio of 35.07, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be issued a $0.092 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is currently 9.59%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DOL shares. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. Desjardins upped their price objective on shares of Dollarama from C$140.00 to C$143.00 in a report on Thursday, September 12th. National Bankshares upped their price objective on shares of Dollarama from C$141.00 to C$143.00 in a report on Thursday, September 12th. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, Canaccord Genuity Group upped their price objective on shares of Dollarama from C$112.00 to C$125.00 in a report on Monday, June 10th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$139.18.

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.