Dollarama (TSE:DOL) Given New C$160.00 Price Target at Royal Bank of Canada

Dollarama (TSE:DOL) had its target price hoisted by Royal Bank of Canada from C$147.00 to C$160.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other equities research analysts have also recently commented on DOL. BMO Capital Markets raised their target price on Dollarama from C$147.00 to C$154.00 in a research report on Friday. CIBC boosted their price objective on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. TD Securities raised Dollarama from a “hold” rating to a “buy” rating and upped their target price for the stock from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. Finally, Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$141.91.

Dollarama Trading Down 1.8 %

Dollarama stock opened at C$142.95 on Monday. The firm has a market cap of C$40.28 billion, a PE ratio of 37.03, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97. The stock’s 50 day simple moving average is C$142.61 and its two-hundred day simple moving average is C$133.01. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. The firm had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. Analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Dividend Announcement

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

Insider Activity at Dollarama

In other news, Director Nicolas Hien sold 5,167 shares of the business’s 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 530 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. In the last quarter, insiders sold 7,697 shares of company stock valued at $1,049,979. Corporate 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.