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

Key Points

• Dollarama Inc. received a consensus rating of "Moderate Buy" from analysts, with twelve firms covering the stock and an average target price of C$201.00.
• The company's stock reported a 1.6% drop on the day, with shares trading at C$186.62 and a market capitalization of C$51.55 billion.
• Dollarama also announced a quarterly dividend of $0.1058 per share, representing an annualized yield of 0.2% and a payout ratio of 8.77%.

Dollarama Inc. (TSE:DOL - Get Free Report) has earned an average rating of "Moderate Buy" from the twelve ratings firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$201.00.

Several research analysts recently weighed in on the company. CIBC dropped their target price on Dollarama from C$204.00 to C$199.00 and set a "neutral" rating on the stock in a research note on Thursday, August 28th. Royal Bank Of Canada boosted their target price on Dollarama from C$207.00 to C$212.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 26th. Desjardins set a C$205.00 target price on Dollarama and gave the stock a "buy" rating in a research note on Thursday, August 21st. Sanford C. Bernstein set a C$220.00 target price on Dollarama and gave the stock an "outperform" rating in a research note on Wednesday, September 17th. Finally, Jefferies Financial Group boosted their target price on Dollarama from C$180.00 to C$223.00 in a research note on Thursday, June 12th.

Dollarama Trading Down 1.6%

Shares of TSE:DOL opened at C$186.62 on Tuesday. Dollarama has a 12-month low of C$132.37 and a 12-month high of C$198.66. The business's fifty day simple moving average is C$189.69 and its 200-day simple moving average is C$177.52. The company has a market capitalization of C$51.55 billion, a PE ratio of 41.38, a P/E/G ratio of 1.93 and a beta of 0.13. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, August 8th were issued a $0.1058 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. Dollarama's dividend payout ratio is currently 8.77%.

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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