Dollarama Inc. (TSE:DOL) Receives Average Recommendation of “Hold” from Analysts

Dollarama Inc. (TSE:DOL) has been given an average rating of “Hold” by the twelve ratings firms that are covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$145.17.

A number of equities research analysts have commented on DOL shares. Stifel Nicolaus increased their price objective on shares of Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. National Bankshares cut shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Royal Bank of Canada dropped their target price on Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. Finally, Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th.

Insider Transactions at Dollarama

In related 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 Stephen Gunn sold 54,950 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total value of C$7,779,271.50. Insiders have sold a total of 57,480 shares of company stock valued at $8,130,761 over the last 90 days. 2.23% of the stock is owned by company insiders.

Dollarama Stock Performance

TSE:DOL opened at C$138.51 on Friday. The firm has a market capitalization of C$39.03 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. Dollarama has a 12-month low of C$92.21 and a 12-month high of C$152.97. The firm has a 50-day moving average price of C$144.57 and a 200 day moving average price of C$135.57.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a $0.092 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s 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.