Dollarama (TSE:DOL) Reaches New 52-Week High - What's Next?

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$174.91 and last traded at C$174.91, with a volume of 129901 shares. The stock had previously closed at C$171.98.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DOL shares. Scotiabank increased their price target on Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. Jefferies Financial Group set a C$180.00 target price on Dollarama and gave the stock a "buy" rating in a research note on Thursday, April 10th. TD Securities raised their target price on Dollarama from C$160.00 to C$185.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. BMO Capital Markets raised their target price on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Finally, Stifel Nicolaus raised their target price on Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$164.50.

Dollarama Trading Up 0.2%

The stock has a market cap of C$48.76 billion, a P/E ratio of 44.94, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The stock has a 50-day moving average price of C$165.37 and a 200-day moving average price of C$150.80.

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 dividend of $0.1058 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.24%. This is a boost from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, April 17th. Dollarama's dividend payout ratio (DPR) is currently 9.42%.

Insider Activity at Dollarama

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the firm's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The shares were 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.

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.