Nicolas Hien Sells 5,167 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 5,167 shares of Dollarama 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 transaction of C$698,490.04.

Dollarama Stock Performance

Dollarama stock traded up C$0.11 during mid-day trading on Friday, reaching C$135.38. The company’s stock had a trading volume of 1,606,089 shares, compared to its average volume of 572,045. The business has a 50 day moving average price of C$131.52 and a 200-day moving average price of C$121.77. The company has a current ratio of 2.09, a quick ratio of 0.08 and a debt-to-equity ratio of 1,073.06. Dollarama Inc. has a twelve month low of C$89.93 and a twelve month high of C$137.72. The firm has a market cap of C$38.42 billion, a price-to-earnings ratio of 36.33, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be paid a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.37 annualized dividend and a yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is 10.00%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on DOL shares. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$130.00 to C$155.00 in a research note on Thursday, September 12th. Stifel Nicolaus boosted their price target on Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. Desjardins raised their price objective on Dollarama from C$140.00 to C$143.00 in a research note on Thursday, September 12th. TD Securities raised Dollarama from a “hold” rating to a “buy” rating and upped their target price for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Finally, Wells Fargo & Company cut Dollarama from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$139.18.

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.