Dollarama (TSE:DOL) Price Target Raised to C$154.00 at BMO Capital Markets

Dollarama (TSE:DOL) had its price target upped by BMO Capital Markets from C$147.00 to C$154.00 in a research note released on Friday,BayStreet.CA reports.

DOL has been the subject of a number of other reports. National Bankshares raised their price target on shares of Dollarama from C$143.00 to C$149.00 in a report on Wednesday, November 20th. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC raised their price objective on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, Desjardins raised their price target on shares of Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$140.73.

Dollarama Stock Performance

TSE:DOL opened at C$145.51 on Friday. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a market cap of C$41.00 billion, a P/E ratio of 37.70, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a fifty-two week low of C$89.93 and a fifty-two week high of C$152.97. The firm’s 50 day moving average is C$142.45 and its two-hundred day moving average is C$132.84.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 11th. The company reported C$1.02 EPS 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 for the quarter, compared to the consensus estimate of C$1.57 billion. Analysts expect that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.092 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Transactions at Dollarama

In other news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders have sold 7,697 shares of company stock valued at $1,049,979 in the last quarter. 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.