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

Shares of Dollarama Inc. (TSE:DOL) have received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$145.17.

A number of equities analysts recently issued reports on DOL shares. National Bankshares lowered shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. Scotiabank upgraded shares of Dollarama to a “strong-buy” rating in a report on Monday, January 20th. CIBC increased their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group raised their price objective on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th.

Insiders Place Their Bets

In related news, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of Dollarama stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. Corporate insiders own 2.23% of the company’s stock.

Dollarama Stock Performance

Shares of TSE DOL opened at C$151.08 on Friday. Dollarama has a 12 month low of C$100.30 and a 12 month high of C$156.25. The company has a market cap of C$41.75 billion, a P/E ratio of 38.48, a P/E/G ratio of 1.93 and a beta of 0.56. The business’s 50 day moving average is C$141.81 and its two-hundred day moving average is C$141.17. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Announces Dividend

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

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.