Dollarama (TSE:DOL) Price Target Raised to C$146.00

Dollarama (TSE:DOL) had its price target upped by Canaccord Genuity Group from C$140.00 to C$146.00 in a research note released on Tuesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other research firms have also weighed in on DOL. UBS Group set a C$147.00 price target on Dollarama and gave the company a “neutral” rating in a research report on Friday, December 13th. National Bank Financial downgraded shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. BMO Capital Markets increased their price target on shares of Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Scotiabank upgraded shares of Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Finally, Stifel Nicolaus raised their target price on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Eight analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$146.23.

Dollarama Stock Performance

Dollarama stock opened at C$150.04 on Tuesday. Dollarama has a fifty-two week low of C$100.30 and a fifty-two week high of C$156.25. The stock’s 50 day simple moving average is C$144.62 and its two-hundred day simple moving average is C$142.47. 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 cap of C$41.46 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

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

Insiders Place Their Bets

In other news, Director Nicolas Hien sold 9,000 shares of Dollarama stock in a transaction that occurred 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.

About Dollarama

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.