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 the stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total transaction of C$1,720,392.28. Following the completion of the sale, the director now directly owns 973 shares in the company, valued at approximately C$184,172.26. This represents a 90.33% decrease in their ownership of the stock.

Dollarama Stock Performance

Shares of TSE DOL traded down C$1.23 during trading on Friday, reaching C$188.06. The stock had a trading volume of 1,231,726 shares, compared to its average volume of 717,204. Dollarama Inc. has a one year low of C$121.35 and a one year high of C$196.46. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The stock has a market cap of C$51.97 billion, a PE ratio of 47.90, a P/E/G ratio of 1.93 and a beta of 0.56. The firm's 50 day moving average price is C$174.24 and its two-hundred day moving average price is C$154.52.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were given a dividend of $0.1058 per share. The ex-dividend date was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 0.23%. This is a positive change from Dollarama's previous quarterly dividend of $0.09. Dollarama's payout ratio is currently 9.42%.

Analyst Ratings Changes

A number of equities research analysts have commented on DOL shares. Jefferies Financial Group increased their price objective on shares of Dollarama from C$180.00 to C$223.00 in a research report on Thursday, June 12th. National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and upped their price target for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. Scotiabank upped their price target on Dollarama from C$175.00 to C$210.00 in a report on Thursday, June 12th. BMO Capital Markets upped their price target on Dollarama from C$170.00 to C$215.00 in a report on Thursday, June 12th. Finally, CIBC upped their price target on Dollarama from C$174.00 to C$204.00 in a report on Thursday, June 12th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$186.36.

About Dollarama

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.

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