Dollarama (TSE:DOL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dollarama (TSE:DOL - Free Report) had its price target increased by Canaccord Genuity Group from C$168.00 to C$178.00 in a research report report published on Thursday morning,BayStreet.CA reports.

Several other equities analysts have also recently commented on the stock. Scotiabank increased their price target on shares of Dollarama from C$150.00 to C$175.00 in a research report on Friday, April 4th. National Bank Financial raised Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. Royal Bank of Canada raised their price objective on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. TD Securities lifted their price target on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. Finally, UBS Group lifted their price target on shares of Dollarama from C$147.00 to C$165.00 in a research report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Dollarama has an average rating of "Moderate Buy" and an average target price of C$165.21.

Dollarama Stock Down 0.6%

Shares of Dollarama stock traded down C$1.01 during trading hours on Thursday, hitting C$176.09. 315,600 shares of the company's stock traded hands, compared to its average volume of 719,650. The stock has a 50 day simple moving average of C$167.95 and a 200-day simple moving average of C$151.81. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a market cap of C$48.66 billion, a PE ratio of 44.85, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a twelve month low of C$119.75 and a twelve month high of C$179.71.

Dollarama Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were paid a $0.1058 dividend. This is a positive change from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 0.24%. Dollarama's dividend payout ratio (DPR) is currently 9.42%.

Insider Buying and Selling

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total transaction of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Company 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.