Dollarama (TSE:DOL) Upgraded at Cfra

Cfra upgraded shares of Dollarama (TSE:DOL) from a hold rating to a buy rating in a report published on Thursday, BayStreet.CA reports. The brokerage currently has C$155.00 price target on the stock, up from their prior price target of C$130.00.

DOL has been the subject of several other reports. BMO Capital Markets raised their target price on shares of Dollarama from C$133.00 to C$138.00 in a report on Thursday, July 18th. TD Securities raised their target price on shares of Dollarama from C$126.00 to C$150.00 and gave the stock a hold rating in a report on Friday, August 30th. Royal Bank of Canada increased their price target on shares of Dollarama from C$138.00 to C$144.00 and gave the stock an outperform rating in a research report on Friday, August 23rd. Stifel Nicolaus increased their price target on shares of Dollarama from C$110.00 to C$125.00 and gave the stock a hold rating in a research report on Thursday, June 13th. Finally, Canaccord Genuity Group increased their price target on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$139.18.

Dollarama Price Performance

Shares of TSE DOL opened at C$133.48 on Thursday. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$137.72. 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. The company has a market capitalization of C$37.88 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 1.93 and a beta of 0.56. The firm has a 50-day moving average of C$131.18 and a two-hundred day moving average of C$121.15.

Dollarama (TSE:DOL) last announced its earnings results on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, topping the consensus estimate of C$0.75 by C$0.02. Dollarama had a net margin of 17.50% and a return on equity of 324.09%. The company had revenue of C$1.41 billion during the quarter, compared to analysts’ expectations of C$1.41 billion. As a group, analysts expect that Dollarama will post 4.4967696 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be given a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Friday, October 4th. Dollarama’s dividend payout ratio is 10.00%.

Insider Activity

In other news, Director John Assaly sold 7,202 shares of Dollarama stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total value of C$922,050.45. In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the sale, the insider now owns 530 shares in the company, valued at C$68,991.16. Also, Director John Assaly sold 7,202 shares of Dollarama stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. Insiders have sold a total of 26,013 shares of company stock valued at $3,225,967 over the last 90 days. 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.