Dollarama Inc. (TSE:DOL) Receives C$186.36 Average PT from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$186.36.

A number of equities analysts have commented on DOL shares. BMO Capital Markets boosted their price objective on Dollarama from C$170.00 to C$215.00 in a research note on Thursday, June 12th. Scotiabank boosted their price objective on Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th. Desjardins boosted their price objective on Dollarama from C$165.00 to C$185.00 and gave the stock a “buy” rating in a research note on Tuesday, June 10th. UBS Group boosted their price objective on Dollarama from C$165.00 to C$196.00 in a research note on Thursday, June 12th. Finally, National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th.

Dollarama Stock Performance

Shares of TSE:DOL opened at C$194.11 on Friday. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The stock has a market capitalization of C$53.64 billion, a price-to-earnings ratio of 49.44, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business’s fifty day moving average price is C$172.79 and its two-hundred day moving average price is C$153.98. Dollarama has a fifty-two week low of C$121.35 and a fifty-two week high of C$196.46.

Dollarama Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were paid a dividend of $0.1058 per share. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, April 17th. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio is 9.42%.

Insider Activity

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Insiders have sold 33,481 shares of company stock valued at $5,508,667 over the last 90 days. 2.23% of the stock is owned by company insiders.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.