BMO Capital Markets Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

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

DOL has been the topic of a number of other research reports. Stifel Nicolaus upped their price objective on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday. UBS Group boosted their price target on Dollarama from C$165.00 to C$196.00 in a research report on Thursday. National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada lifted their price objective on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Finally, CIBC boosted their target price on Dollarama from C$174.00 to C$204.00 in a 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$186.36.

Dollarama Trading Down 0.0%

Dollarama stock traded down C$0.08 during mid-day trading on Thursday, reaching C$193.86. 70,768 shares of the company traded hands, compared to its average volume of 715,682. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a 52-week low of C$119.88 and a 52-week high of C$196.46. The firm has a market capitalization of C$53.57 billion, a price-to-earnings ratio of 49.37, a P/E/G ratio of 1.93 and a beta of 0.56. The firm's 50 day moving average price is C$170.22 and its 200 day moving average price is C$152.90.

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 issued a $0.1058 dividend. The ex-dividend date was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.22%. This is a positive change from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio is currently 9.42%.

Insider Activity at Dollarama

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business's stock in a transaction that occurred 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. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. 2.23% of the stock is currently owned by 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.