Dollarama Inc. (TSE:DOL) Director Nicolas Hien Sells 9,000 Shares

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50.

Dollarama Stock Down 1.6 %

DOL stock opened at C$137.10 on Friday. The company has a 50 day moving average of C$143.61 and a two-hundred day moving average of C$137.19. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. Dollarama Inc. has a 12-month low of C$96.08 and a 12-month high of C$152.97. The company has a market cap of C$38.63 billion, a price-to-earnings ratio of 35.52, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, February 7th will be given a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s payout ratio is 9.59%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. National Bankshares cut Dollarama from an “outperform” rating to a “sector perform” rating in a report on Thursday, December 5th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. BMO Capital Markets lifted their price target on Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Canaccord Genuity Group upped their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. Finally, CIBC upped their price target on shares of Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dollarama has a consensus rating of “Hold” and a consensus target price of C$145.17.

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.