Dollarama (TSE:DOL) Price Target Raised to C$210.00 at TD Securities

Dollarama (TSE:DOL - Free Report) had its price target increased by TD Securities from C$185.00 to C$210.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$168.00 to C$178.00 in a report on Thursday, June 5th. BMO Capital Markets lifted their target price on shares of Dollarama from C$170.00 to C$215.00 in a research report on Thursday. Stifel Nicolaus lifted their target price on shares of Dollarama from C$162.50 to C$190.00 in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of Dollarama from C$190.00 to C$207.00 in a research report on Thursday. Finally, National Bank Financial raised shares of Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. Four 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 company's stock. Based on data from MarketBeat.com, Dollarama currently has a consensus rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Stock Down 0.1%

Shares of Dollarama stock traded down C$0.20 during midday trading on Thursday, reaching C$193.74. 730,803 shares of the company's stock traded hands, compared to its average volume of 721,881. The company has a market cap of C$53.54 billion, a price-to-earnings ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company's 50 day simple moving average is C$171.10 and its 200 day simple moving average is C$153.37. 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 52 week low of C$119.88 and a 52 week high of C$196.46.

Dollarama Increases Dividend

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

Insider Activity

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Director Nicolas Hien sold 4,131 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$192.31, for a total transaction of C$794,433.02. Over the last ninety days, insiders sold 33,481 shares of company stock worth $5,508,667. 2.23% of the stock is owned by company 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.