Insider Selling: Dollarama Inc. (TSE:DOL) Director Sells 707 Shares of Stock

Dollarama Inc. (TSE:DOL) Director Paul Roche sold 707 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total transaction of C$79,100.01.

Dollarama Price Performance

Dollarama stock opened at C$112.05 on Friday. The firm has a 50-day moving average price of C$104.45 and a 200-day moving average price of C$99.38. The firm has a market capitalization of C$31.51 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a current ratio of 1.51, a quick ratio of 0.08 and a debt-to-equity ratio of 1,477.71. Dollarama Inc. has a 12-month low of C$80.81 and a 12-month high of C$114.81.

Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Thursday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. Dollarama’s dividend payout ratio (DPR) is 8.43%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DOL shares. Royal Bank of Canada upped their target price on shares of Dollarama from C$118.00 to C$125.00 in a research report on Friday, April 5th. National Bankshares upped their target price on shares of Dollarama from C$112.00 to C$120.00 in a research report on Friday, April 5th. BMO Capital Markets upped their target price on shares of Dollarama from C$105.00 to C$124.00 in a research report on Friday, April 5th. Scotiabank increased their price objective on shares of Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Finally, Stifel Nicolaus increased their price objective on shares of Dollarama from C$100.00 to C$110.00 in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$109.36.

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.