Dollarama Inc. (TSE:DOL) Receives C$126.30 Average Target Price from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$127.80.

A number of research analysts recently commented on the stock. CIBC increased their target price on shares of Dollarama from C$115.00 to C$128.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. TD Securities lifted their target price on Dollarama from C$113.00 to C$126.00 and gave the stock a “hold” rating in a research report on Tuesday, May 28th. Royal Bank of Canada upped their target price on Dollarama from C$138.00 to C$144.00 and gave the company an “outperform” rating in a research report on Friday. Desjardins lifted their price target on Dollarama from C$120.00 to C$133.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, National Bankshares increased their price objective on Dollarama from C$132.00 to C$141.00 and gave the company an “outperform” rating in a report on Thursday.

Insider Buying and Selling at Dollarama

In other news, Director Paul Roche sold 1,152 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of C$122.07, for a total value of C$140,627.52. In related news, Director Paul Roche sold 1,152 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$122.07, for a total transaction of C$140,627.52. Also, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of C$123.51, for a total transaction of C$4,853,821.17. In the last three months, insiders have sold 66,465 shares of company stock valued at $8,220,415. 2.22% of the stock is owned by company insiders.

Dollarama Trading Up 0.8 %

TSE:DOL opened at C$135.18 on Monday. Dollarama has a 1 year low of C$84.86 and a 1 year high of C$135.99. The stock has a market cap of C$38.36 billion, a P/E ratio of 36.54, a P/E/G ratio of 1.93 and a beta of 0.55. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09. The stock has a 50-day simple moving average of C$128.42 and a 200-day simple moving average of C$117.58.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.02. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. The firm had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. As a group, analysts anticipate that Dollarama will post 4.5033201 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, August 2nd were given a $0.092 dividend. The ex-dividend date was Friday, July 5th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is 10.00%.

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.