Dollarama (TSE:DOL) Sets New 1-Year High - Should You Buy?

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$178.15 and last traded at C$178.03, with a volume of 81261 shares changing hands. The stock had previously closed at C$176.50.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DOL. Royal Bank of Canada upped their target price on Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. UBS Group upped their price objective on Dollarama from C$147.00 to C$165.00 in a research note on Friday, April 4th. National Bank Financial upgraded Dollarama from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 27th. CIBC upped their price objective on Dollarama from C$145.00 to C$174.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group upped their price objective on Dollarama from C$168.00 to C$178.00 in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$165.21.

Dollarama Trading Up 0.1%

The stock has a market cap of C$48.94 billion, a PE ratio of 45.11, a P/E/G ratio of 1.93 and a beta of 0.56. The firm has a 50-day simple moving average of C$167.04 and a 200-day simple moving average of C$151.42. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were given a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Thursday, April 17th. This is an increase from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio (DPR) is 9.42%.

Insider Buying and Selling

In other Dollarama 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 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.