Dollarama (TSE:DOL) Price Target Raised to C$168.00

Dollarama (TSE:DOL) had its price objective boosted by Canaccord Genuity Group from C$146.00 to C$168.00 in a report released on Friday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. National Bank Financial upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Desjardins boosted their target price on shares of Dollarama from C$150.00 to C$160.00 and gave the company a “buy” rating in a research note on Wednesday, April 2nd. TD Securities increased their price objective on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Royal Bank of Canada upped their price objective on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday. Finally, Scotiabank raised their price target on shares of Dollarama from C$150.00 to C$175.00 in a report on Friday. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$163.31.

Dollarama Trading Down 3.7 %

Shares of DOL opened at C$154.03 on Friday. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a 50-day moving average of C$146.75 and a 200 day moving average of C$143.44. The firm has a market capitalization of C$42.57 billion, a price-to-earnings ratio of 39.23, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 1-year low of C$107.80 and a 1-year high of C$174.22.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 9th will be issued a $0.1058 dividend. The ex-dividend date of this dividend is Friday, April 18th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.27%. This is an increase from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio is presently 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.