Dollarama (TSE:DOL) Given New C$215.00 Price Target at BMO Capital Markets

Dollarama (TSE:DOL - Free Report) had its target price increased by BMO Capital Markets from C$170.00 to C$215.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other analysts also recently issued research reports about the company. CIBC lifted their target price on Dollarama from C$174.00 to C$204.00 in a research note on Thursday. Scotiabank lifted their target price on Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. Desjardins lifted 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, June 10th. Canaccord Genuity Group lifted their target price on Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Finally, National Bankshares raised Dollarama from a "sector perform" rating to an "outperform" rating and boosted their price objective for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$186.36.

Dollarama Stock Performance

Dollarama stock traded down C$0.20 during mid-day trading on Thursday, hitting C$193.74. 730,803 shares of the company's stock traded hands, compared to its average volume of 721,881. The firm has a 50 day moving average price of C$171.10 and a 200 day moving average price of C$153.37. 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$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.

Dollarama Increases Dividend

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

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 4,131 shares of the business's stock in a transaction 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. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business's stock in a transaction on 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. Insiders have sold 33,481 shares of company stock valued at $5,508,667 over the last three months. Company insiders own 2.23% of the company's stock.

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.