Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Dollarama Inc. (TSE:DOL) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$143.27.

Several equities research analysts recently weighed in on DOL shares. Royal Bank of Canada boosted their price target on shares of Dollarama from C$147.00 to C$160.00 in a research report on Monday, November 25th. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company cut shares of Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Finally, BMO Capital Markets boosted their price target on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd.

Insiders Place Their Bets

In other news, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Insiders sold 7,697 shares of company stock valued at $1,049,979 over the last three months. 2.23% of the stock is owned by company insiders.

Dollarama Trading Up 0.7 %

Dollarama stock opened at C$145.84 on Wednesday. The stock has a market cap of C$41.09 billion, a P/E ratio of 37.78, 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. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97. The firm’s 50 day moving average price is C$143.39 and its 200-day moving average price is C$133.63.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.96 by C$0.06. The firm had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. On average, equities analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama’s payout ratio is 9.59%.

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.