Dollarama (TSE:DOL) Hits New 12-Month High – Should You Buy?

Dollarama Inc. (TSE:DOL)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$152.74 and last traded at C$152.63, with a volume of 33836 shares trading hands. The stock had previously closed at C$151.00.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DOL shares. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. National Bankshares boosted their price target on shares of Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. CIBC raised their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. BMO Capital Markets boosted their target price on Dollarama from C$138.00 to C$147.00 in a research report on Thursday, September 12th. Finally, Stifel Nicolaus raised their price target on Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Dollarama presently has an average rating of “Moderate Buy” and an average target price of C$139.55.

Dollarama Trading Down 0.3 %

The firm has a market cap of C$41.86 billion, a PE ratio of 38.48, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The business has a 50-day moving average price of C$139.95 and a two-hundred day moving average price of C$131.10.

Dollarama (TSE:DOL) last posted its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.96 by C$0.06. The firm had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. Analysts forecast that Dollarama Inc. will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were issued a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Insiders Place Their Bets

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. In related news, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Over the last 90 days, insiders sold 7,697 shares of company stock valued at $1,049,979. Corporate insiders own 2.23% of the company’s stock.

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.