Insider Selling: Dollarama Inc. (TSE:DOL) Senior Officer Sells 530 Shares of Stock

Dollarama Inc. (TSE:DOL) Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10.

Dollarama Stock Performance

Shares of DOL opened at C$144.03 on Monday. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. Dollarama Inc. has a 52-week low of C$89.93 and a 52-week high of C$144.62. The company has a 50-day simple moving average of C$134.03 and a 200-day simple moving average of C$125.49. The company has a market capitalization of C$40.58 billion, a PE ratio of 37.31, a P/E/G ratio of 1.93 and a beta of 0.56.

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

Dollarama Dividend Announcement

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

Analysts Set New Price Targets

DOL has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. Cfra raised Dollarama from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. Royal Bank of Canada increased their price target on Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets boosted their price objective on shares of Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.