Dollarama (TSE:DOL) Reaches New 52-Week High at $137.97

Shares of Dollarama Inc. (TSE:DOL) reached a new 52-week high during trading on Thursday . The company traded as high as C$137.97 and last traded at C$136.52, with a volume of 263205 shares. The stock had previously closed at C$136.76.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DOL. Stifel Nicolaus upped their price objective on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Desjardins upped their price objective on Dollarama from C$140.00 to C$143.00 in a report on Thursday, September 12th. CIBC upped their price objective on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and upped their price target for the stock from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and a consensus price target of C$139.18.

Dollarama Trading Up 0.2 %

The firm has a market cap of C$38.62 billion, a price-to-earnings ratio of 35.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business’s 50 day moving average price is C$132.07 and its 200-day moving average price is C$122.83. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be paid a $0.092 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Insider Activity

In other news, Senior Officer Mark Di Pesa sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the sale, the insider now owns 530 shares in the company, valued at approximately C$68,991.16. In related news, Director Nicolas Hien sold 5,167 shares of the 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. Also, Senior Officer Mark Di Pesa sold 1,000 shares of the stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the sale, the insider now owns 530 shares in the company, valued at approximately C$68,991.16. In the last 90 days, insiders have sold 13,369 shares of company stock worth $1,750,712. 2.23% of the stock is currently owned by corporate insiders.

Dollarama Company Profile

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.