Mark Di Pesa Sells 1,350 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL - Get Free Report) Senior Officer Mark Di Pesa sold 1,350 shares of the business's stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45.

Dollarama Price Performance

TSE:DOL traded down C$2.27 during trading hours on Wednesday, hitting C$170.10. 1,103,127 shares of the company's stock traded hands, compared to its average volume of 777,539. Dollarama Inc. has a 52 week low of C$113.58 and a 52 week high of C$174.75. The business's fifty day simple moving average is C$155.78 and its two-hundred day simple moving average is C$146.83. 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 firm has a market cap of C$47.01 billion, a P/E ratio of 43.32, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 9th will be paid a $0.1058 dividend. This is an increase from Dollarama's previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date of this dividend is Thursday, April 17th. Dollarama's dividend payout ratio (DPR) is currently 9.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Royal Bank of Canada boosted their target price on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. National Bankshares upgraded Dollarama from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. BMO Capital Markets boosted their price objective on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Finally, Jefferies Financial Group set a C$180.00 target price on shares of Dollarama and gave the stock a "buy" rating in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollarama currently has an average rating of "Moderate Buy" and a consensus target price of C$164.50.

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.