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

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

DOL has been the subject of a number of other research reports. Royal Bank of Canada upped their price objective on shares of Dollarama from C$190.00 to C$207.00 in a research report on Thursday. CIBC upped their price objective on Dollarama from C$174.00 to C$204.00 in a research note on Thursday. BMO Capital Markets upped their price objective on Dollarama from C$170.00 to C$215.00 in a report on Thursday. National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. Finally, Scotiabank upped their price objective on Dollarama from C$175.00 to C$210.00 in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollarama presently has a consensus rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Price Performance

Shares of DOL traded down C$0.08 during mid-day trading on Thursday, hitting C$193.86. 70,768 shares of the company traded hands, compared to its average volume of 715,682. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The stock has a market capitalization of C$53.57 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 1.93 and a beta of 0.56. The business has a 50-day moving average of C$170.22 and a 200 day moving average of C$152.90. Dollarama has a one year low of C$119.88 and a one year high of C$196.46.

Dollarama Increases Dividend

The company 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. This represents a $0.42 dividend on an annualized basis and a yield of 0.22%. This is an increase from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date was Thursday, April 17th. Dollarama's dividend payout ratio is presently 9.42%.

Insider Activity at Dollarama

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction dated Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the 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. 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.