Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Dollarama Inc. (TSE:DOL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$186.36.

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada upped their price target on Dollarama from C$190.00 to C$207.00 in a research report on Thursday, June 12th. Stifel Nicolaus boosted their price target on Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th. Desjardins increased their price objective on shares of Dollarama from C$165.00 to C$185.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. UBS Group boosted their target price on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday, June 12th. Finally, BMO Capital Markets upped their price target on shares of Dollarama from C$170.00 to C$215.00 in a research note on Thursday, June 12th.

Dollarama Stock Down 0.8%

Shares of TSE:DOL traded down C$1.61 on Thursday, reaching C$190.60. The company had a trading volume of 417,163 shares, compared to its average volume of 694,260. The firm has a market capitalization of C$52.67 billion, a PE ratio of 48.54, a PEG ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. Dollarama has a 52-week low of C$124.99 and a 52-week high of C$196.46. The firm's 50 day simple moving average is C$180.32 and its 200-day simple moving average is C$159.32.

Dollarama Announces Dividend

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

Insider Activity

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Director John Assaly sold 9,089 shares of the company's stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$189.28, for a total transaction of C$1,720,392.28. Following the completion of the transaction, the director owned 973 shares of the company's stock, valued at approximately C$184,172.26. This trade represents a 90.33% decrease in their position. In the last 90 days, insiders have sold 42,570 shares of company stock valued at $7,229,060. 2.23% of the stock is currently owned by company insiders.

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.