Dollarama Inc. (TSE:DOL) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$186.36.

DOL has been the topic of a number of analyst reports. BMO Capital Markets lifted their price target on Dollarama from C$170.00 to C$215.00 in a report on Thursday, June 12th. Stifel Nicolaus lifted their price target on Dollarama from C$162.50 to C$190.00 in a report on Thursday, June 12th. UBS Group lifted their price target on Dollarama from C$165.00 to C$196.00 in a report on Thursday, June 12th. Jefferies Financial Group boosted their target price on Dollarama from C$180.00 to C$223.00 in a research note on Thursday, June 12th. Finally, TD Securities boosted their target price on Dollarama from C$185.00 to C$210.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th.

Dollarama Stock Down 0.3%

Shares of TSE:DOL traded down C$0.53 on Thursday, reaching C$190.07. The company had a trading volume of 331,849 shares, compared to its average volume of 691,536. 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$181.14 and its 200-day simple moving average is C$160.13. The firm has a market capitalization of C$52.52 billion, a PE ratio of 48.41, 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Shareholders 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 annualized dividend and a yield of 0.22%. Dollarama's payout ratio is presently 9.42%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director Nicolas Hien sold 4,131 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of C$192.31, for a total transaction of C$794,433.02. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the business's stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. In the last 90 days, insiders have sold 14,570 shares of company stock worth $2,749,060. 2.23% of the stock is currently owned by 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.