Dollarama Inc. (TSE:DOL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Dollarama Inc. (TSE:DOL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the company, Marketbeat reports. Four equities 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$186.36.

DOL has been the subject of a number of research reports. TD Securities raised their price objective on shares of Dollarama from C$185.00 to C$210.00 and gave the company a "buy" rating in a report on Thursday. National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. National Bank Financial upgraded shares of Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Royal Bank of Canada raised their price objective on shares of Dollarama from C$190.00 to C$207.00 in a report on Thursday. Finally, Stifel Nicolaus raised their price objective on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday.

Dollarama Stock Down 0.1%

DOL stock opened at C$193.74 on Friday. The stock has a market capitalization of C$53.54 billion, a P/E ratio of 49.34, a price-to-earnings-growth 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 12 month low of C$119.88 and a 12 month high of C$196.46. The firm has a 50-day moving average price of C$171.10 and a 200-day moving average price of C$153.31.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were given a dividend of $0.1058 per share. This is an increase 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 dividend yield of 0.22%. Dollarama's dividend payout ratio (DPR) is 9.42%.

Insider Transactions at Dollarama

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business'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 business'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. Insiders sold a total of 33,481 shares of company stock valued at $5,508,667 in the last quarter. 2.23% of the stock is currently owned by company 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.

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