Dollarama Inc. (TSE:DOL) Receives C$145.17 Consensus Target Price from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been given an average recommendation of “Moderate Buy” by the thirteen ratings firms that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$145.17.

DOL has been the topic of several recent research reports. Canaccord Genuity Group raised their price target on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a report on Thursday, November 28th. Scotiabank upgraded Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Royal Bank of Canada decreased their price target on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Stifel Nicolaus raised their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Finally, Desjardins raised their target price on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of Dollarama stock in a transaction dated Monday, January 6th. The stock was 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 Dollarama stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. 2.23% of the stock is currently owned by company insiders.

Dollarama Price Performance

Dollarama stock opened at C$155.03 on Friday. The business’s 50-day simple moving average is C$141.34 and its 200 day simple moving average is C$140.91. The stock has a market cap of C$42.84 billion, a price-to-earnings ratio of 39.49, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 12-month low of C$100.30 and a 12-month high of C$156.25. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.24%. The ex-dividend date was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is presently 9.42%.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.