Dollarama Inc. (TSE:DOL) Director John Assaly Sells 9,089 Shares

Dollarama Inc. (TSE:DOL - Get Free Report) Director John Assaly sold 9,089 shares of Dollarama stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the completion of the transaction, the director now owns 973 shares of the company's stock, valued at C$184,172.26. This trade represents a 90.33% decrease in their ownership of the stock.

Dollarama Stock Performance

TSE:DOL traded up C$3.77 during midday trading on Monday, reaching C$191.83. The stock had a trading volume of 482,526 shares, compared to its average volume of 715,248. The stock has a market capitalization of C$53.01 billion, a P/E ratio of 48.86, a PEG ratio of 1.93 and a beta of 0.56. Dollarama Inc. has a 1-year low of C$121.35 and a 1-year high of C$196.46. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The firm's fifty day simple moving average is C$175.26 and its 200-day simple moving average is C$155.35.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were paid a $0.1058 dividend. The ex-dividend date was Thursday, April 17th. This is a positive change from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.22%. Dollarama's payout ratio is presently 9.42%.

Analysts Set New Price Targets

DOL has been the topic of several research analyst reports. National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. Stifel Nicolaus lifted their price target on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday, June 12th. CIBC boosted their price objective on shares of Dollarama from C$174.00 to C$204.00 in a research report on Thursday, June 12th. Finally, Scotiabank increased their price target on Dollarama from C$175.00 to C$210.00 in a research report on Thursday, June 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$186.36.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company's product offerings.