Dollarama Inc. (TSE:DOL) Receives C$139.18 Average PT from Brokerages

Dollarama Inc. (TSE:DOL) has been assigned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$139.18.

DOL has been the topic of several recent analyst reports. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price target for the stock from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Canaccord Genuity Group raised their target price on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Stifel Nicolaus boosted their price target on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. BMO Capital Markets raised their price objective on Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Finally, CIBC upped their target price on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$134.70 on Friday. Dollarama has a 52 week low of C$89.93 and a 52 week high of C$137.72. The company has a market capitalization of C$38.23 billion, a PE ratio of 36.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The stock’s fifty day moving average is C$131.34 and its two-hundred day moving average is C$121.47. The company has a quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, October 4th will be issued a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama’s dividend payout ratio is currently 10.00%.

Insider Transactions at Dollarama

In other news, Director John Assaly sold 7,202 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total value of C$922,050.45. In other news, Director John Assaly sold 7,202 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total transaction of C$922,050.45. Also, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama 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 transaction of C$130,172.00. Following the completion of the sale, the insider now owns 530 shares of the company’s stock, valued at C$68,991.16. Insiders own 2.23% of the company’s stock.

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.