Nicolas Hien Sells 1,750 Shares of Dollarama Inc (DOL) Stock
Dollarama Inc (TSE:DOL) Director Nicolas Hien sold 1,750 shares of the stock in a transaction dated Monday, July 17th. The stock was sold at an average price of C$122.83, for a total transaction of C$214,952.50.
Dollarama Inc (DOL) traded down 0.14% during midday trading on Tuesday, reaching $122.49. 207,836 shares of the company’s stock traded hands. The firm has a market cap of $13.92 billion and a PE ratio of 31.72. Dollarama Inc has a 52-week low of $92.15 and a 52-week high of $132.34. The firm’s 50-day moving average is $123.80 and its 200 day moving average is $109.80.
Dollarama (TSE:DOL) last issued its earnings results on Wednesday, June 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $704.95 million for the quarter, compared to the consensus estimate of $712.60 million. Dollarama had a net margin of 13.43% and a return on equity of 559.12%. Equities research analysts expect that Dollarama Inc will post $4.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 2nd. Stockholders of record on Wednesday, August 2nd will be paid a $0.11 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $0.44 annualized dividend and a dividend yield of 0.36%.
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A number of equities analysts have recently issued reports on the stock. National Bank Financial increased their price objective on shares of Dollarama from C$113.00 to C$122.00 and gave the stock an “outperform” rating in a research report on Friday, March 31st. TD Securities upped their target price on shares of Dollarama from C$115.00 to C$125.00 and gave the stock a “buy” rating in a report on Sunday, April 2nd. Desjardins upped their target price on shares of Dollarama from C$116.00 to C$120.00 and gave the stock a “buy” rating in a report on Friday, March 31st. CIBC upped their target price on shares of Dollarama from C$111.00 to C$125.00 in a report on Friday, March 31st. Finally, Royal Bank Of Canada upped their target price on shares of Dollarama from C$138.00 to C$139.00 and gave the stock an “outperform” rating in a report on Thursday, June 8th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$134.00.
Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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