Dollarama Inc. (TSE:DOL) Director Sells C$794,433.02 in Stock

Dollarama Inc. (TSE:DOL - Get Free Report) Director Nicolas Hien sold 4,131 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of C$192.31, for a total transaction of C$794,433.02.

Dollarama Stock Down 0.1%

Dollarama stock traded down C$0.20 during midday trading on Friday, hitting C$193.74. 730,803 shares of the company's stock were exchanged, compared to its average volume of 721,881. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama Inc. has a 12 month low of C$119.88 and a 12 month high of C$196.46. The firm has a 50-day moving average of C$171.10 and a two-hundred day moving average of C$153.31. The company has a market cap of C$53.54 billion, a PE ratio of 49.34, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were issued a dividend of $0.1058 per share. This represents a $0.42 annualized dividend and a yield of 0.22%. This is a boost from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, April 17th. Dollarama's dividend payout ratio is presently 9.42%.

Wall Street Analyst Weigh In

DOL has been the topic of several recent analyst reports. National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. National Bankshares raised shares of Dollarama from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. Royal Bank of Canada increased their target price on shares of Dollarama from C$190.00 to C$207.00 in a research note on Thursday. Stifel Nicolaus increased their target price on shares of Dollarama from C$162.50 to C$190.00 in a research note on Thursday. Finally, Scotiabank increased their target price on shares of Dollarama from C$175.00 to C$210.00 in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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.