Shares of Dollarama Inc. (TSE:DOL – Get Free Report) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$145.17.
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada decreased their target price on Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. CIBC upped their price target on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. TD Securities lifted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Finally, UBS Group set a C$147.00 price objective on shares of Dollarama and gave the stock a “neutral” rating in a report on Friday, December 13th.
View Our Latest Stock Report on DOL
Dollarama Stock Performance
Dollarama Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were issued a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is presently 9.42%.
Insiders Place Their Bets
In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is currently owned by corporate insiders.
Dollarama Company Profile
Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.
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