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

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

Other research analysts also recently issued research reports about the company. CIBC increased their price target on Dollarama from C$174.00 to C$204.00 in a research note on Thursday. BMO Capital Markets lifted their price target on Dollarama from C$170.00 to C$215.00 in a research note on Thursday. Stifel Nicolaus upped their price objective on Dollarama from C$162.50 to C$190.00 in a research report on Thursday. National Bankshares upgraded Dollarama from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. Finally, National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$186.36.

Dollarama Price Performance

TSE DOL traded down C$0.20 during trading hours on Thursday, reaching C$193.74. 730,803 shares of the company's stock were exchanged, compared to its average volume of 721,881. The stock has a market cap of C$53.54 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a one year low of C$119.88 and a one year high of C$196.46. The firm has a fifty day moving average of C$171.10 and a 200-day moving average of C$153.37. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were given a $0.1058 dividend. 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 payout ratio is currently 9.42%.

Insiders Place Their Bets

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total transaction of C$234,234.45. Also, Director Nicolas Hien sold 4,131 shares of the business's stock in a transaction 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. Over the last quarter, insiders have sold 33,481 shares of company stock valued at $5,508,667. 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.