Dollarama Inc. (TSE:DOL) Receives C$164.50 Average PT from Analysts

Dollarama Inc. (TSE:DOL - Get Free Report) has received a consensus rating of "Moderate Buy" from the fifteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$164.50.

A number of research analysts have commented on the company. BMO Capital Markets increased their target price on Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Scotiabank increased their price objective on shares of Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. TD Securities increased their price target on Dollarama from C$160.00 to C$185.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Stifel Nicolaus upped their price objective on Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Finally, National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th.

Dollarama Stock Up 0.2 %

TSE DOL traded up C$0.36 during mid-day trading on Friday, reaching C$170.46. 55,568 shares of the company's stock traded hands, compared to its average volume of 768,501. 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 1-year low of C$114.03 and a 1-year high of C$174.75. The company has a fifty day simple moving average of C$156.32 and a 200-day simple moving average of C$146.99. The company has a market cap of C$47.11 billion, a price-to-earnings ratio of 43.42, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be paid a $0.1058 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 0.25%. This is an increase from Dollarama's previous quarterly dividend of $0.09. Dollarama's payout ratio is 9.42%.

Insiders Place Their Bets

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the firm's stock in a transaction on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total transaction of C$234,234.45. Insiders own 2.23% of the company's stock.

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.