Nicolas Hien Sells 5,167 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 5,167 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04.

Dollarama Stock Up 0.1 %

Shares of TSE DOL opened at C$135.38 on Friday. Dollarama Inc. has a one year low of C$89.93 and a one year high of C$137.72. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The business’s fifty day moving average price is C$131.64 and its 200-day moving average price is C$122.00. The stock has a market capitalization of C$38.15 billion, a PE ratio of 35.07, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, October 4th will be issued a dividend of $0.092 per share. The ex-dividend date is Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is 9.59%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DOL. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and raised their price target for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Canaccord Genuity Group lifted their target price on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Stifel Nicolaus lifted their target price on Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. Desjardins lifted their target price on Dollarama from C$140.00 to C$143.00 in a research report on Thursday, September 12th. Finally, CIBC lifted their target price on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and a consensus target price of C$139.18.

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.