Dollarama Inc. (TSE:DOL) Receives C$191.29 Average Target Price from Brokerages

Key Points

• Dollarama Inc. has received a consensus rating of “Moderate Buy” from thirteen analysts, with an average price target of C$191.29 over the next 12 months.
• Recent insider trading activity includes Director Nicolas Hien selling over 4,000 shares and Director John Assaly selling more than 9,000 shares, resulting in a significant decrease in their ownership positions.
• The company recently declared a quarterly dividend of C$0.1058 per share, reflecting a 0.2% yield and a payout ratio of 9.42%.

Dollarama Inc. (TSE:DOL - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$191.29.

Several brokerages recently issued reports on DOL. Jefferies Financial Group raised their target price on shares of Dollarama from C$180.00 to C$223.00 in a report on Thursday, June 12th. Desjardins set a C$205.00 price objective on Dollarama and gave the stock a "buy" rating in a research note on Thursday, August 21st. TD Securities increased their price target on Dollarama from C$185.00 to C$210.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Royal Bank Of Canada lifted their price objective on Dollarama from C$207.00 to C$212.00 and gave the stock an "outperform" rating in a report on Tuesday, August 26th. Finally, UBS Group raised their price objective on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday, June 12th.

Dollarama Price Performance

Dollarama stock traded up C$2.21 during midday trading on Friday, reaching C$187.26. 793,548 shares of the company were exchanged, compared to its average volume of 653,351. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a 1 year low of C$124.99 and a 1 year high of C$198.66. The firm's 50-day simple moving average is C$190.56 and its 200-day simple moving average is C$172.66. The company has a market capitalization of C$51.90 billion, a price-to-earnings ratio of 42.85, a P/E/G ratio of 1.93 and a beta of 0.15.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, August 8th were given a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date of this dividend was Friday, July 11th. Dollarama's payout ratio is presently 8.74%.

Insiders Place Their Bets

In other Dollarama news, Director John Assaly sold 9,089 shares of the business's stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$189.28, for a total transaction of C$1,720,392.28. Following the sale, the director owned 973 shares in the company, valued at approximately C$184,172.26. The trade was a 90.33% decrease in their position. Also, Director Nicolas Hien sold 4,131 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$192.31, for a total value of C$794,433.02. 2.23% of the stock is currently 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.