Shares of Dollarama Inc. (TSE:DOL - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$115.23 and last traded at C$114.43, with a volume of 93909 shares trading hands. The stock had previously closed at C$114.02.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on DOL shares. National Bank Financial upgraded shares of Dollarama from a "sector perform market weight" rating to an "outperform market weight" rating in a research note on Wednesday, March 13th. TD Securities lifted their price target on shares of Dollarama from C$106.00 to C$113.00 and gave the company a "hold" rating in a research note on Friday, April 5th. BMO Capital Markets lifted their price target on shares of Dollarama from C$105.00 to C$124.00 in a research note on Friday, April 5th. Wells Fargo & Company lowered their price target on shares of Dollarama from C$110.00 to C$105.00 in a research note on Thursday, January 4th. Finally, National Bankshares boosted their price objective on shares of Dollarama from C$112.00 to C$120.00 in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of C$109.36.
Read Our Latest Research Report on DOL
Dollarama Stock Down 0.4 %
The firm has a market cap of C$31.95 billion, a P/E ratio of 34.22, a P/E/G ratio of 1.93 and a beta of 0.57. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51. The firm's fifty day moving average is C$106.28 and its 200 day moving average is C$100.38.
Dollarama Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.092 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.37 dividend on an annualized basis and a yield of 0.32%. This is an increase from Dollarama's previous quarterly dividend of $0.07. Dollarama's payout ratio is currently 8.43%.
Insider Buying and Selling at Dollarama
In other Dollarama news, Director Paul Roche sold 5,541 shares of the business's stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total value of C$616,316.56. In other news, Director Paul Roche sold 5,541 shares of the company's stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total transaction of C$616,316.56. Also, Director John Assaly sold 1,336 shares of the company's stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total transaction of C$150,106.41. Insiders sold 7,584 shares of company stock valued at $845,523 in the last quarter. Company insiders own 2.90% of the company's stock.
About Dollarama
(
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Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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