Analysts Set Dollarama Inc. (TSE:DOL) Target Price at C$139.18

Dollarama Inc. (TSE:DOL) has been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$139.18.

DOL has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. CIBC boosted their price target on shares of Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price target for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Desjardins boosted their price target on shares of Dollarama from C$140.00 to C$143.00 in a research report on Thursday, September 12th. Finally, Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th.

Dollarama Stock Up 2.8 %

Dollarama stock opened at C$144.03 on Tuesday. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$144.62. The firm has a market capitalization of C$40.58 billion, a price-to-earnings ratio of 37.31, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The firm has a 50 day simple moving average of C$134.03 and a 200 day simple moving average of C$125.32.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The business had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. On average, analysts predict that Dollarama will post 5.296851 earnings per share for the current year.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, November 1st will be issued a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Transactions at Dollarama

In other Dollarama news, Director John Assaly sold 7,202 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total value of C$922,050.45. In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Director John Assaly sold 7,202 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. In the last ninety days, insiders sold 14,899 shares of company stock valued at $1,972,030. Insiders own 2.23% of the company’s stock.

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.