Dollarama Inc. (TSE:DOL) Director Sells C$698,490.04 in Stock

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04.

Dollarama Stock Performance

Shares of DOL stock opened at C$135.38 on Monday. The company has a market cap of C$38.15 billion, a price-to-earnings ratio of 35.07, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama Inc. has a 52 week low of C$89.93 and a 52 week high of C$137.72. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The firm has a 50 day moving average of C$131.64 and a 200-day moving average of C$122.14.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be given a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is 9.59%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DOL. Cfra raised Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the company from C$130.00 to C$155.00 in a research note on Thursday, September 12th. Canaccord Genuity Group upped their price objective on Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. CIBC upped their price objective on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Desjardins increased their target price on shares of Dollarama from C$140.00 to C$143.00 in a research report on Thursday, September 12th. Finally, Royal Bank of Canada increased their target price on shares of Dollarama from C$144.00 to C$147.00 in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$139.18.

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.