Dollarama Inc. (TSE:DOL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$186.36.

DOL has been the subject of a number of analyst reports. BMO Capital Markets upped their target price on Dollarama from C$170.00 to C$215.00 in a report on Thursday, June 12th. TD Securities increased their price target on Dollarama from C$185.00 to C$210.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Royal Bank Of Canada raised their target price on Dollarama from C$190.00 to C$207.00 in a research report on Thursday, June 12th. Jefferies Financial Group raised their target price on Dollarama from C$180.00 to C$223.00 in a research report on Thursday, June 12th. Finally, Scotiabank raised their price target on shares of Dollarama from C$175.00 to C$210.00 in a research note on Thursday, June 12th.

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 4,131 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$192.31, for a total value of C$794,433.02. Also, Director John Assaly sold 9,089 shares of the company's 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 transaction, the director directly owned 973 shares in the company, valued at C$184,172.26. The trade was a 90.33% decrease in their position. Insiders have sold a total of 14,570 shares of company stock worth $2,749,060 over the last ninety days. 2.23% of the stock is currently owned by company insiders.

Dollarama Trading Down 0.3%

TSE:DOL traded down C$0.53 during mid-day trading on Thursday, hitting C$190.07. 331,849 shares of the stock traded hands, compared to its average volume of 691,536. The stock has a market capitalization of C$52.52 billion, a price-to-earnings ratio of 48.41, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 52 week low of C$124.99 and a 52 week high of C$196.46. The firm's 50 day moving average is C$181.14 and its two-hundred day moving average is C$160.00. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.1058 per share. The ex-dividend date is Friday, July 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.22%. Dollarama's dividend payout ratio (DPR) is 9.42%.

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.