Dollarama Inc. (TSE:DOL) Receives C$186.36 Consensus Target Price from Analysts

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

Several equities research analysts have commented on DOL shares. UBS Group upped their target price on shares of Dollarama from C$165.00 to C$196.00 in a research note on Thursday, June 12th. TD Securities upped their target price on shares of Dollarama from C$185.00 to C$210.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. CIBC upped their target price on shares of Dollarama from C$174.00 to C$204.00 in a research note on Thursday, June 12th. Royal Bank Of Canada upped their target price on shares of Dollarama from C$190.00 to C$207.00 in a research note on Thursday, June 12th. Finally, Stifel Nicolaus upped their target price on shares of Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th.

Dollarama Trading Down 1.8%

Shares of DOL traded down C$3.40 on Friday, reaching C$190.71. 765,053 shares of the company's stock were exchanged, compared to its average volume of 717,166. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The stock has a market capitalization of C$52.70 billion, a P/E ratio of 48.57, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business has a 50 day moving average price of C$173.56 and a two-hundred day moving average price of C$154.23. Dollarama has a 12 month low of C$121.35 and a 12 month high of C$196.46.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were issued a dividend of $0.1058 per share. This is a boost from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, April 17th. This represents a $0.42 annualized dividend and a yield of 0.22%. Dollarama's dividend payout ratio is presently 9.42%.

Insider Buying and Selling

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the 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. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Over the last 90 days, insiders sold 33,481 shares of company stock worth $5,508,667. 2.23% of the stock is owned by insiders.

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.