Dollarama (TSE:DOL) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Dollarama (TSE:DOL) from a hold rating to a buy rating in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has C$154.00 target price on the stock, up from their previous target price of C$150.00.

A number of other research analysts also recently issued reports on the company. 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. Cfra raised Dollarama from a hold rating to a buy rating and increased their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday. National Bankshares increased their price objective on Dollarama from C$141.00 to C$143.00 in a report on Thursday. BMO Capital Markets raised their price target on Dollarama from C$138.00 to C$147.00 in a report on Thursday. Finally, Stifel Nicolaus raised their price target on Dollarama from C$125.00 to C$136.00 in a report on Thursday. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Dollarama currently has an average rating of Moderate Buy and a consensus price target of C$139.18.

Dollarama Stock Down 1.2 %

Shares of TSE:DOL opened at C$133.48 on Thursday. The company has a market capitalization of C$37.88 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 1,073.06, a current ratio of 2.09 and a quick ratio of 0.08. The business has a fifty day moving average price of C$131.18 and a two-hundred day moving average price of C$121.25. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$137.72.

Dollarama Dividend Announcement

The firm 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 $0.092 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.28%. Dollarama’s payout ratio is 10.00%.

Insiders Place Their Bets

In related news, Senior Officer Johanne Choinière sold 2,811 shares of Dollarama stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. In related news, Senior Officer Mark Di Pesa sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total value of C$130,172.00. Following the transaction, the insider now directly owns 530 shares in the company, valued at C$68,991.16. Also, Senior Officer Johanne Choinière sold 2,811 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. In the last 90 days, insiders sold 26,013 shares of company stock valued at $3,225,967. 2.23% of the stock is owned by company insiders.

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.