National Bankshares Boosts Dollarama (TSE:DOL) Price Target to C$143.00

Dollarama (TSE:DOL) had its target price lifted by National Bankshares from C$141.00 to C$143.00 in a research note published on Thursday, BayStreet.CA reports.

A number of other equities analysts have also issued reports on DOL. Canaccord Genuity Group raised their price target on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. BMO Capital Markets raised their price target on shares of Dollarama from C$133.00 to C$138.00 in a research report on Thursday, July 18th. TD Securities raised their price target on shares of Dollarama from C$126.00 to C$150.00 and gave the stock a hold rating in a research report on Friday, August 30th. CIBC raised their price target on shares of Dollarama from C$115.00 to C$128.00 and gave the stock a neutral rating in a research report on Thursday, June 13th. Finally, Desjardins raised their price objective on shares of Dollarama from C$133.00 to C$140.00 and gave the stock a buy rating in a research note on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Dollarama has an average rating of Moderate Buy and a consensus target price of C$139.18.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$133.48 on Thursday. The firm has a market capitalization of C$37.88 billion, a P/E ratio of 36.08, a PEG ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06. The company has a 50 day moving average price of C$131.18 and a 200 day moving average price of C$121.15. Dollarama has a 52 week low of C$89.93 and a 52 week high of C$137.72.

Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of C$1.41 billion. Sell-side analysts expect that Dollarama will post 4.4967696 EPS for the current year.

Dollarama Dividend Announcement

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

Insider Activity at Dollarama

In related news, Director Nicolas Hien sold 15,000 shares of Dollarama stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total value of C$1,830,693.00. In other Dollarama news, Director Nicolas Hien sold 15,000 shares of Dollarama stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. 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. In the last quarter, insiders have sold 26,013 shares of company stock valued at $3,225,967. 2.23% of the stock is 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.