Brokerages Set Dollarama Inc. (TSE:DOL) PT at C$139.55

Dollarama Inc. (TSE:DOL) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$139.55.

DOL has been the topic of a number of analyst reports. Royal Bank of Canada increased their price objective on Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. BMO Capital Markets upped their price objective on shares of Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Desjardins lifted their target price on shares of Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and upped their price target for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th.

Insider Buying and Selling at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of the company’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. In related news, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Director Nicolas Hien sold 5,167 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Over the last 90 days, insiders sold 7,697 shares of company stock valued at $1,049,979. Corporate insiders own 2.23% of the company’s stock.

Dollarama Stock Down 0.7 %

Shares of Dollarama stock opened at C$148.49 on Friday. The firm has a market cap of C$41.84 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 1.93 and a beta of 0.56. The stock has a 50-day simple moving average of C$138.88 and a 200-day simple moving average of C$130.10. Dollarama has a 52-week low of C$89.93 and a 52-week high of C$152.42. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.96 by C$0.06. The business had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. On average, equities research analysts expect that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

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

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.