Dollarama (TSE:DOL) Price Target Raised to C$149.00 at National Bankshares

Dollarama (TSE:DOL) had its price target increased by National Bankshares from C$143.00 to C$149.00 in a report published on Wednesday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada lifted their price target on Dollarama from C$144.00 to C$147.00 in a research report on Thursday, September 12th. Stifel Nicolaus upped their target price on shares of Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. Wells Fargo & Company cut shares of Dollarama from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. CIBC upped their price objective on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Finally, Desjardins upped their price target on Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Dollarama currently has an average rating of “Moderate Buy” and a consensus target price of C$140.09.

Dollarama Stock Down 3.3 %

Shares of TSE DOL opened at C$143.91 on Wednesday. The firm has a fifty day simple moving average of C$141.82 and a two-hundred day simple moving average of C$132.43. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The firm has a market capitalization of C$40.55 billion, a PE ratio of 37.28, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last released its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The company had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Equities analysts expect that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. Dollarama’s payout ratio is 9.59%.

Insider Buying and Selling at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of Dollarama stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders sold a total of 7,697 shares of company stock worth $1,049,979 in the last three months. 2.23% of the stock is currently owned by company insiders.

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.