Dollarama (TSE:DOL) Trading Up 10.4% After Analyst Upgrade

Dollarama Inc. (TSE:DOL - Get Free Report)'s stock price shot up 10.4% on Wednesday after TD Securities raised their price target on the stock from C$185.00 to C$210.00. TD Securities currently has a buy rating on the stock. Dollarama traded as high as C$196.01 and last traded at C$194.00. 399,298 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 712,292 shares. The stock had previously closed at C$175.76.

DOL has been the subject of a number of other research reports. Jefferies Financial Group boosted their target price on Dollarama from C$180.00 to C$223.00 in a report on Thursday. National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. Stifel Nicolaus increased their price objective on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday. CIBC boosted their target price on Dollarama from C$174.00 to C$204.00 in a research report on Thursday. Finally, UBS Group upped their target price on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday. Six equities research 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 company currently has an average rating of "Moderate Buy" and an average price target of C$186.36.

Insider Transactions at Dollarama

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of the business's 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. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Corporate insiders own 2.23% of the company's stock.

Dollarama Trading Up 0.7%

The firm has a market capitalization of C$53.71 billion, a PE ratio of 49.50, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a fifty day moving average of C$169.37 and a 200-day moving average of C$152.55. 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 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. 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. The ex-dividend date was Thursday, April 17th. Dollarama's dividend payout ratio is presently 9.42%.

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.