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 fifteen brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$164.50.

A number of analysts recently issued reports on DOL shares. Canaccord Genuity Group raised their price objective on Dollarama from C$146.00 to C$168.00 in a research report on Friday, April 4th. Desjardins boosted their target price on Dollarama from C$150.00 to C$160.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and lifted their price target for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. TD Securities upped their price objective on shares of Dollarama from C$160.00 to C$185.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Finally, Royal Bank of Canada upped their price target on shares of Dollarama from C$149.00 to C$183.00 in a research report on Friday, April 4th.

Insider Activity

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

Dollarama Trading Down 0.8 %

TSE:DOL traded down C$1.42 on Friday, hitting C$170.95. The stock had a trading volume of 238,917 shares, compared to its average volume of 767,053. The company has a fifty day moving average price of C$155.78 and a two-hundred day moving average price of C$146.83. Dollarama has a 1-year low of C$113.58 and a 1-year high of C$174.75. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The stock has a market cap of C$47.24 billion, a price-to-earnings ratio of 43.54, a PEG 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. Investors of record on Friday, May 9th will be given a $0.1058 dividend. This is a positive change from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Thursday, April 17th. 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.