National Bankshares Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price target raised by National Bankshares from C$143.00 to C$149.00 in a research note published on Wednesday,BayStreet.CA reports.

A number of other analysts have also issued reports on the company. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and increased their price target for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC upped their target price on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and increased their target price for the stock from C$130.00 to C$155.00 in a research note on Thursday, September 12th. Finally, Royal Bank of Canada upped their price target on shares of Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$140.09.

Dollarama Price Performance

Shares of TSE:DOL opened at C$143.91 on Wednesday. The firm has a market capitalization of C$40.55 billion, a PE ratio of 37.28, a P/E/G ratio of 1.93 and a beta of 0.56. 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 company has a 50-day moving average price of C$141.82 and a two-hundred day moving average price of C$132.43. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, topping the consensus estimate of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The company had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Equities analysts forecast that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama’s dividend payout ratio is presently 9.59%.

Insider Buying and Selling

In other news, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of Dollarama stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders have sold a total of 7,697 shares of company stock worth $1,049,979 in the last ninety days. 2.23% of the stock is owned by 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.