Dollarama (TSE:DOL) Hits New 12-Month High at $120.61

Dollarama Inc. (TSE:DOL - Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$120.61 and last traded at C$120.23, with a volume of 12070 shares changing hands. The stock had previously closed at C$119.87.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DOL. National Bankshares lifted their price objective on Dollarama from C$112.00 to C$120.00 in a research report on Friday, April 5th. Royal Bank of Canada raised their price objective on shares of Dollarama from C$118.00 to C$125.00 in a research note on Friday, April 5th. BMO Capital Markets boosted their target price on shares of Dollarama from C$105.00 to C$124.00 in a research report on Friday, April 5th. Canaccord Genuity Group raised their price target on shares of Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. Finally, National Bank Financial raised Dollarama from a "sector perform market weight" rating to an "outperform market weight" rating in a report on Wednesday, March 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of C$109.36.

Dollarama Stock Performance

The company's 50-day simple moving average is C$109.21 and its 200 day simple moving average is C$102.12. The stock has a market cap of C$33.10 billion, a P/E ratio of 33.35, a PEG ratio of 1.93 and a beta of 0.54. The company has a current ratio of 1.93, a quick ratio of 0.08 and a debt-to-equity ratio of 1,137.89.

Dollarama (TSE:DOL - Get Free Report) last issued its quarterly earnings results on Thursday, April 4th. The company reported C$1.15 EPS for the quarter, beating analysts' consensus estimates of C$1.05 by C$0.10. Dollarama had a return on equity of 493.80% and a net margin of 17.22%. As a group, sell-side analysts expect that Dollarama Inc. will post 4.5040525 EPS for the current fiscal year.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Friday, April 19th were paid a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.31%. This is a boost from Dollarama's previous quarterly dividend of $0.07. The ex-dividend date was Thursday, April 18th. Dollarama's payout ratio is presently 8.43%.

Insider Buying and Selling

In related news, Director Paul Roche sold 707 shares of the firm's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. Also, Director Paul Roche sold 707 shares of Dollarama stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total transaction of C$79,100.01. In the last ninety days, insiders have sold 69,623 shares of company stock valued at $8,058,311. 2.91% of the stock is owned by insiders.

About Dollarama

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.