Dollarama (TSE:DOL) PT Raised to C$147.00

Dollarama (TSE:DOL) had its target price boosted by BMO Capital Markets from C$138.00 to C$147.00 in a research note released on Thursday morning, BayStreet.CA reports.

A number of other research analysts have also commented on the company. Royal Bank of Canada upped their price objective on Dollarama from C$138.00 to C$144.00 and gave the company an outperform rating in a report on Friday, August 23rd. Canaccord Genuity Group increased their target price on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Desjardins lifted their target price on Dollarama from C$140.00 to C$143.00 in a report on Thursday. TD Securities raised their price objective on Dollarama from C$126.00 to C$150.00 and gave the company a hold rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus lifted their price target on Dollarama from C$110.00 to C$125.00 and gave the stock a hold rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of C$139.18.

Dollarama Trading Down 1.2 %

Shares of Dollarama stock opened at C$133.48 on Thursday. Dollarama has a 12-month low of C$89.93 and a 12-month high of C$137.72. The business’s 50 day moving average is C$131.18 and its 200-day moving average is C$121.25. 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. The stock has a market cap of C$37.88 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be paid a $0.092 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.28%. Dollarama’s payout ratio is currently 10.00%.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total value of C$1,830,693.00. In other Dollarama news, Director Nicolas Hien sold 15,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. Also, Senior Officer Mark Di Pesa sold 1,000 shares of the stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the sale, the insider now owns 530 shares in the company, valued at C$68,991.16. Insiders have sold 26,013 shares of company stock worth $3,225,967 in the last 90 days. Insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.