Dollarama (TSE:DOL) Price Target Raised to C$136.00

Dollarama (TSE:DOL) had its price target lifted by Stifel Nicolaus from C$125.00 to C$136.00 in a report published on Thursday, BayStreet.CA reports.

A number of other research analysts have also commented on the stock. CIBC lifted their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday. TD Securities boosted their price target on shares of Dollarama from C$126.00 to C$150.00 and gave the stock a hold rating in a research note on Friday, August 30th. Desjardins boosted their price objective on shares of Dollarama from C$140.00 to C$143.00 in a report on Thursday. Cfra raised shares of Dollarama from a hold rating to a buy rating and boosted their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday. Finally, Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$112.00 to C$125.00 in a report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Dollarama has an average rating of Moderate Buy and a consensus price target of C$139.18.

Dollarama Price Performance

Shares of TSE:DOL opened at C$133.48 on Thursday. The company’s fifty day moving average price is C$131.18 and its 200 day moving average price is C$121.25. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$137.72. The company has a debt-to-equity ratio of 1,073.06, a current ratio of 2.09 and a quick ratio of 0.08. The firm has a market capitalization of C$37.88 billion, a P/E ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be paid a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.28%. Dollarama’s dividend payout ratio (DPR) is 10.00%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Johanne Choinière sold 2,811 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.04, for a total transaction of C$343,051.07. In related news, Senior Officer Mark Di Pesa sold 1,000 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the sale, the insider now owns 530 shares of the company’s stock, valued at approximately C$68,991.16. Also, Senior Officer Johanne Choinière sold 2,811 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total transaction of C$343,051.07. Insiders have sold 26,013 shares of company stock worth $3,225,967 in the last ninety days. 2.23% of the stock is owned by insiders.

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.