Dollarama Inc (TSE:DOL) declared a quarterly dividend on Thursday, July 9th, TickerTech reports. Stockholders of record on Friday, August 7th will be paid a dividend of 0.044 per share on Friday, August 7th. This represents a $0.18 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Thursday, July 9th.
Shares of Dollarama stock opened at C$45.47 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.47 and a debt-to-equity ratio of 36,202.81. The firm has a market capitalization of $14.09 billion and a PE ratio of 26.24. The business’s 50-day moving average price is C$45.94 and its 200-day moving average price is C$43.45. Dollarama has a 12 month low of C$34.70 and a 12 month high of C$52.12.
Dollarama (TSE:DOL) last posted its quarterly earnings results on Wednesday, June 10th. The company reported C$0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.26 by C$0.02. The company had revenue of C$844.80 million for the quarter, compared to the consensus estimate of C$815.25 million. As a group, analysts predict that Dollarama will post 2.21 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on the company. TD Securities increased their price objective on Dollarama from C$49.00 to C$56.00 and gave the stock a “buy” rating in a report on Thursday, June 11th. CIBC lifted their price objective on Dollarama from C$44.00 to C$49.00 in a research note on Thursday, June 11th. Canaccord Genuity lifted their target price on Dollarama from C$44.00 to C$46.00 in a report on Thursday, June 11th. National Bank Financial lifted their target price on Dollarama from C$50.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, June 11th. Finally, Wells Fargo & Co lifted their target price on Dollarama from C$36.00 to C$44.00 in a report on Thursday, June 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of C$50.44.
In related news, Director John Assaly sold 2,805 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of C$40.90, for a total value of C$114,716.09. Following the sale, the director now directly owns 8,621 shares in the company, valued at C$352,573.04.
Dollarama Company Profile
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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