Dollarama (TSE:DOL) Price Target Raised to C$140.00

Dollarama (TSE:DOL) had its price objective boosted by Canaccord Genuity Group from C$138.00 to C$140.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other brokerages have also issued reports on DOL. Desjardins upped their target price on shares of Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC increased their price objective on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Stifel Nicolaus boosted their target price on Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. Finally, Royal Bank of Canada increased their price target on shares of Dollarama from C$147.00 to C$160.00 in a research report on Monday, November 25th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus target price of C$143.27.

Dollarama Stock Performance

TSE:DOL opened at C$145.84 on Thursday. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The stock has a market cap of C$41.09 billion, a P/E ratio of 37.78, a PEG ratio of 1.93 and a beta of 0.56. The business’s 50-day moving average price is C$143.39 and its two-hundred day moving average price is C$133.63.

Dollarama (TSE:DOL) last announced its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating 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 business had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.57 billion. As a group, equities analysts predict that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were given a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 annualized dividend and a yield of 0.25%. Dollarama’s payout ratio is currently 9.59%.

Insider Buying and Selling at Dollarama

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