Dollarama (TSE:DOL) Hits New 12-Month High - Here's What Happened

Key Points

• Dollarama shares reached a new 52-week high of C$210.40, closing near that level at C$209.59 during Monday trading.
• Analyst sentiment remains positive, with 11 Buy ratings and one Hold; the consensus target is C$216.06, despite several firms recently lowering their price targets.
• The company reported quarterly earnings of C$1.29 per share on C$2.03 billion in revenue and declared a quarterly dividend of C$0.12, equivalent to a 0.2% yield.

Dollarama Inc. (TSE:DOL - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as C$210.40 and last traded at C$209.59, with a volume of 50,096 shares traded. The stock had previously closed at C$207.50.

Analysts Set New Price Targets

DOL has been the subject of several recent analyst reports. Desjardins cut their price objective on shares of Dollarama from C$215.00 to C$210.00 and set a "buy" rating for the company in a research report on Thursday, September 17th. TD decreased their target price on shares of Dollarama from C$227.00 to C$217.00 and set a "buy" rating on the stock in a report on Thursday, September 17th. National Bank Financial boosted their target price on shares of Dollarama from C$209.00 to C$210.00 and gave the company an "outperform" rating in a research report on Thursday, September 17th. Scotiabank cut their price target on shares of Dollarama from C$220.00 to C$210.00 in a report on Monday, September 21st. Finally, Ventum Financial set a C$225.00 price target on shares of Dollarama and gave the stock a "buy" rating in a research report on Tuesday, September 8th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$216.06.

Dollarama Stock Performance

The company has a quick ratio of 0.08, a current ratio of 1.55 and a debt-to-equity ratio of 399.63. The stock has a market cap of C$56.92 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 1.93 and a beta of 0.34. The company has a 50 day simple moving average of C$186.23 and a 200 day simple moving average of C$185.26.

Dollarama (TSE:DOL - Get Free Report) last posted its quarterly earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The company had revenue of C$2.03 billion for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. As a group, equities research analysts forecast that Dollarama Inc. will post 5.33 EPS for the current year.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, November 6th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, October 9th. This represents a $0.48 annualized dividend and a yield of 0.2%. Dollarama's dividend payout ratio is presently 9.07%.

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. The company's stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.