Dollarama Inc (TSE:DOL) has been assigned an average rating of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$161.42.
A number of analysts have recently issued reports on DOL shares. National Bank Financial raised their price target on shares of Dollarama from C$145.00 to C$160.00 in a report on Thursday, November 30th. Desjardins raised their price target on shares of Dollarama from C$154.00 to C$165.00 in a report on Thursday, December 7th. Scotiabank raised their price target on shares of Dollarama from C$162.00 to C$165.00 and gave the company an “outperform” rating in a report on Thursday, December 7th. BMO Capital Markets dropped their price target on shares of Dollarama from C$155.00 to C$152.00 and set a “market perform” rating on the stock in a report on Thursday, December 7th. Finally, Eight Capital raised their price target on shares of Dollarama from C$150.00 to C$185.00 in a report on Tuesday, November 28th.
In other news, Director John Assaly sold 509 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$159.27, for a total value of C$81,068.43. Also, insider Geoffrey Peter Robillard sold 10,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$157.42, for a total transaction of C$1,574,200.00.
Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, December 6th. The company reported C$1.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.12 by C$0.03.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date is Thursday, January 4th. Dollarama’s payout ratio is presently 9.89%.
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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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