Dollarama (TSE:DOL) Upgraded to “Buy” at TD Securities

TD Securities upgraded shares of Dollarama (TSE:DOL) from a hold rating to a buy rating in a research report report published on Thursday, Marketbeat Ratings reports. TD Securities currently has C$154.00 price objective on the stock, up from their prior price objective of C$150.00.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets raised their price target on Dollarama from C$138.00 to C$147.00 in a report on Thursday. Desjardins lifted their target price on Dollarama from C$140.00 to C$143.00 in a report on Thursday. Cfra raised Dollarama from a hold rating to a buy rating and lifted their target price for the stock from C$130.00 to C$155.00 in a report on Thursday. Stifel Nicolaus lifted their target price on Dollarama from C$125.00 to C$136.00 in a report on Thursday. Finally, CIBC lifted their target price on Dollarama from C$128.00 to C$138.00 in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Dollarama currently has an average rating of Moderate Buy and an average price target of C$139.18.

Dollarama Price Performance

TSE:DOL opened at C$133.48 on Thursday. The firm has a fifty day simple moving average of C$131.18 and a 200 day simple moving average of C$121.25. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$137.72. The stock has a market capitalization of C$37.88 billion, a PE ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a current ratio of 2.09, a quick ratio of 0.08 and a debt-to-equity ratio of 1,073.06.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be paid a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is presently 10.00%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Johanne Choinière sold 2,811 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. In other news, Senior Officer Johanne Choinière sold 2,811 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total transaction of C$343,051.07. Also, Director Nicolas Hien sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total value of C$1,830,693.00. Over the last three months, insiders have sold 26,013 shares of company stock valued at $3,225,967. 2.23% of the stock is currently owned by company insiders.

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.