Royal Bank of Canada Raises Dollarama (TSE:DOL) Price Target to C$147.00

Dollarama (TSE:DOL) had its target price lifted by Royal Bank of Canada from C$144.00 to C$147.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Several other analysts also recently weighed in on DOL. Canaccord Genuity Group upped their price target on Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. Stifel Nicolaus upped their price target on Dollarama from C$110.00 to C$125.00 and gave the stock a hold rating in a research note on Thursday, June 13th. Cfra upgraded Dollarama from a hold rating to a buy rating and upped their price target for the stock from C$130.00 to C$155.00 in a research note on Thursday. National Bankshares upped their price target on Dollarama from C$141.00 to C$143.00 in a research note on Thursday. Finally, Desjardins upped their price target on Dollarama from C$140.00 to C$143.00 in a research note on Thursday. Four equities research 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, the stock currently has an average rating of Moderate Buy and an average target price of C$139.18.

Dollarama Stock Down 1.2 %

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

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

Dollarama Announces Dividend

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

Insider Buying and Selling

In related news, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total value of C$130,172.00. Following the completion of the sale, the insider now owns 530 shares of the company’s stock, valued at C$68,991.16. In related news, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total value of C$130,172.00. Following the completion of the sale, the insider now owns 530 shares of the company’s stock, valued at C$68,991.16. Also, Director Nicolas Hien sold 15,000 shares of Dollarama stock in a transaction 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. Insiders sold 26,013 shares of company stock valued at $3,225,967 over the last 90 days. Company insiders own 2.23% of the company’s stock.

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.