Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Dollarama Inc. has received a consensus rating of "Moderate Buy" from analysts, with four hold ratings, six buy ratings, and two strong buy ratings.
• Investment analysts recently increased their price targets for Dollarama, with Jefferies Financial Group raising it from C$180.00 to C$223.00.
• The company announced a quarterly dividend of $0.1058 to be paid on August 8th, representing an annualized yield of 0.2%.

Dollarama Inc. (TSE:DOL - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve research firms that are currently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$186.36.

A number of brokerages have commented on DOL. Scotiabank upped their price objective on Dollarama from C$175.00 to C$210.00 in a report on Thursday, June 12th. Desjardins upped their price target on shares of Dollarama from C$165.00 to C$185.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Royal Bank Of Canada lifted their price objective on shares of Dollarama from C$190.00 to C$207.00 in a research note on Thursday, June 12th. Stifel Nicolaus increased their target price on shares of Dollarama from C$162.50 to C$190.00 in a research report on Thursday, June 12th. Finally, UBS Group raised their target price on shares of Dollarama from C$165.00 to C$196.00 in a report on Thursday, June 12th.

Dollarama Stock Performance

Shares of TSE:DOL traded down C$1.88 during trading on Monday, reaching C$192.12. 206,983 shares of the stock were exchanged, compared to its average volume of 658,339. Dollarama has a 12 month low of C$124.99 and a 12 month high of C$196.46. The stock has a 50-day moving average price of C$187.73 and a 200-day moving average price of C$166.22. 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 firm has a market cap of C$53.09 billion, a PE ratio of 48.93, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Friday, August 8th will be paid a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Friday, July 11th. Dollarama's dividend payout ratio (DPR) is presently 9.42%.

Insider Activity at Dollarama

In related news, Director Nicolas Hien sold 4,131 shares of the business's stock in a transaction on 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, Director John Assaly sold 9,089 shares of the stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the completion of the transaction, the director owned 973 shares of the company's stock, valued at C$184,172.26. This represents a 90.33% decrease in their ownership of the stock. 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.