Dollarama (TSE:DOL) Price Target Raised to C$207.00

Dollarama (TSE:DOL - Free Report) had its price target hoisted by Royal Bank of Canada from C$190.00 to C$207.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

DOL has been the topic of a number of other reports. Desjardins raised their target price on Dollarama from C$165.00 to C$185.00 and gave the company a "buy" rating in a research note on Tuesday. TD Securities lifted their price objective on shares of Dollarama from C$160.00 to C$185.00 and gave the company a "buy" rating in a research report on Friday, April 4th. UBS Group upped their target price on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday. Canaccord Genuity Group raised their price target on shares of Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Finally, CIBC boosted their price objective on Dollarama from C$174.00 to C$204.00 in a research report on Thursday. Six 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 stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Stock Performance

TSE:DOL traded down C$0.08 during midday trading on Thursday, reaching C$193.86. 70,768 shares of the company traded hands, compared to its average volume of 715,682. The firm has a market capitalization of C$53.57 billion, a price-to-earnings ratio of 49.37, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a fifty day moving average price of C$170.22 and a 200 day moving average price of C$152.90. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a twelve month low of C$119.88 and a twelve month high of C$196.46.

Dollarama Increases Dividend

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

Insider Buying and Selling

In other news, 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. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. 2.23% of the stock is owned by corporate insiders.

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.