Brokerages Set Dollarama Inc. (TSE:DOL) PT at C$109.36

Dollarama Inc. (TSE:DOL - Get Free Report) has been assigned a consensus rating of "Hold" from the ten research firms that are covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$109.36.

A number of equities research analysts have weighed in on DOL shares. Wells Fargo & Company reduced their price objective on Dollarama from C$110.00 to C$105.00 in a research note on Thursday, January 4th. Canaccord Genuity Group upped their price target on shares of Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. National Bank Financial raised shares of Dollarama from a "sector perform market weight" rating to an "outperform market weight" rating in a research report on Wednesday, March 13th. National Bankshares upped their target price on shares of Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Finally, BMO Capital Markets raised their price target on Dollarama from C$105.00 to C$124.00 in a report on Friday, April 5th.

Insider Activity at Dollarama

In other Dollarama news, Director Paul Roche sold 707 shares of the firm's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total value of C$79,100.01. Company insiders own 2.90% of the company's stock.

Dollarama Stock Performance

Shares of DOL traded down C$0.99 during midday trading on Tuesday, reaching C$111.60. 497,781 shares of the stock were exchanged, compared to its average volume of 490,706. The company has a market capitalization of C$31.39 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.93 and a beta of 0.57. The company has a debt-to-equity ratio of 1,477.71, a current ratio of 1.51 and a quick ratio of 0.08. Dollarama has a twelve month low of C$80.81 and a twelve month high of C$114.81. The business's 50-day moving average price is C$104.72 and its 200 day moving average price is C$99.56.

Dollarama Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, May 3rd will be issued a $0.092 dividend. This is a boost from Dollarama's previous quarterly dividend of $0.07. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Thursday, April 18th. Dollarama's dividend payout ratio (DPR) is currently 8.43%.

Dollarama Company Profile

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.