Dollarama Inc. (TSE:DOL) Receives C$139.18 Consensus Price Target from Analysts

Shares of Dollarama Inc. (TSE:DOL) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$139.18.

DOL has been the topic of several recent analyst reports. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Cfra raised Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Stifel Nicolaus upped their target price on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. TD Securities raised Dollarama from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Finally, CIBC boosted their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th.

Insider Transactions at Dollarama

In related news, Director John Assaly sold 7,202 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total transaction of C$922,050.45. In other Dollarama news, Director John Assaly sold 7,202 shares of the business’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. Also, Senior Officer Mark Di Pesa sold 1,000 shares of the stock in a transaction 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 approximately C$68,991.16. Insiders own 2.23% of the company’s stock.

Dollarama Price Performance

The stock’s fifty day moving average is C$131.52 and its two-hundred day moving average is C$121.77. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09. The firm has a market cap of C$38.39 billion, a PE ratio of 36.33, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$137.72.

Dollarama Dividend Announcement

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

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.