Dollarama (TSE:DOL) Given New C$159.00 Price Target at Royal Bank of Canada

Dollarama (TSE:DOL) had its price target decreased by Royal Bank of Canada from C$160.00 to C$159.00 in a report published on Thursday,BayStreet.CA reports.

DOL has been the subject of a number of other reports. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$130.00 to C$155.00 in a research note on Thursday, September 12th. National Bankshares lifted their price target on Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Canaccord Genuity Group upped their price objective 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, November 28th. Stifel Nicolaus lifted their target price on shares of Dollarama from C$136.00 to C$140.00 in a research report on Thursday. Finally, Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$145.00.

Dollarama Price Performance

Shares of TSE DOL opened at C$140.22 on Thursday. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The stock has a fifty day simple moving average of C$144.04 and a two-hundred day simple moving average of C$134.35. Dollarama has a 1-year low of C$89.93 and a 1-year high of C$152.97. The firm has a market cap of C$39.51 billion, a price-to-earnings ratio of 36.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

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

Dollarama Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. Dollarama’s dividend payout ratio (DPR) is currently 9.59%.

Insiders Place Their Bets

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Insiders have sold 7,697 shares of company stock valued at $1,049,979 in the last ninety days. Company insiders own 2.23% of the company’s stock.

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.