Insider Selling: Dollarama Inc. (TSE:DOL) Director Sells 5,541 Shares of Stock

Dollarama Inc. (TSE:DOL) Director Paul Roche sold 5,541 shares of Dollarama stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total value of C$616,316.56.

Paul Roche also recently made the following trade(s):

• On Tuesday, April 9th, Paul Roche sold 707 shares of Dollarama stock. The shares were sold at an average price of C$111.88, for a total value of C$79,100.01.

Dollarama Price Performance

Shares of TSE DOL opened at C$112.80 on Friday. Dollarama Inc. has a 1-year low of C$80.81 and a 1-year high of C$114.81. The business has a 50-day moving average of C$105.75 and a 200-day moving average of C$100.01. The company has a debt-to-equity ratio of 1,477.71, a current ratio of 1.51 and a quick ratio of 0.08. The company has a market capitalization of C$31.72 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 1.93 and a beta of 0.57.

Dollarama Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a $0.092 dividend. This is a boost from Dollarama’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, April 18th. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. Dollarama’s payout ratio is 8.43%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DOL shares. Canaccord Genuity Group lifted their price objective on Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. CIBC boosted their price target on Dollarama from C$99.00 to C$115.00 in a research report on Friday, April 5th. Royal Bank of Canada boosted their price target on Dollarama from C$118.00 to C$125.00 in a research report on Friday, April 5th. National Bankshares boosted their price target on Dollarama from C$112.00 to C$120.00 in a research report on Friday, April 5th. Finally, Stifel Nicolaus boosted their price target on Dollarama from C$100.00 to C$110.00 in a research report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$109.36.

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.