Dollarama Inc. (TSE:DOL) Given Average Rating of “Hold” by Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$145.17.

Several research firms have commented on DOL. UBS Group set a C$147.00 price target on shares of Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. TD Securities upped their target price on Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. National Bankshares lowered Dollarama from an “outperform” rating to a “sector perform” rating in a report on Thursday, December 5th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Desjardins raised their price objective on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd.

Insider Activity at Dollarama

In other news, Director Nicolas Hien sold 9,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. 2.23% of the stock is owned by corporate insiders.

Dollarama Stock Down 1.3 %

Shares of DOL stock opened at C$134.30 on Thursday. Dollarama has a fifty-two week low of C$97.80 and a fifty-two week high of C$152.97. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The firm has a market capitalization of C$37.84 billion, a PE ratio of 34.79, a P/E/G ratio of 1.93 and a beta of 0.56. The stock’s 50-day simple moving average is C$142.87 and its 200-day simple moving average is C$137.44.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, February 7th will be given a dividend of $0.092 per share. The ex-dividend date is Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s dividend payout ratio (DPR) 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.