Paul Roche Sells 707 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL - Get Free Report) Director Paul Roche sold 707 shares of Dollarama stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01.

Dollarama Price Performance

TSE DOL traded down C$0.90 on Friday, hitting C$112.05. The company had a trading volume of 396,050 shares, compared to its average volume of 492,484. The company has a market capitalization of C$31.51 billion, a PE ratio of 33.90, a PEG ratio of 1.93 and a beta of 0.57. The company's fifty day moving average price is C$104.22 and its 200-day moving average price is C$99.22. 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 Inc. has a 12-month low of C$80.81 and a 12-month high of C$114.81.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.33%. The ex-dividend date is Thursday, April 18th. This is a positive change from Dollarama's previous quarterly dividend of $0.07. Dollarama's payout ratio is presently 8.43%.

Analyst Upgrades and Downgrades

DOL has been the subject of several research reports. 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. Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$98.00 to C$100.00 in a research note on Monday, April 1st. Wells Fargo & Company decreased their price objective on shares of Dollarama from C$110.00 to C$105.00 in a research note on Thursday, January 4th. TD Securities lifted their target price on shares of Dollarama from C$106.00 to C$113.00 and gave the company a "hold" rating in a report on Friday, April 5th. Finally, Royal Bank of Canada lifted their target price on shares of Dollarama from C$118.00 to C$125.00 in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$109.36.

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.

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