Dollarama Inc. (TSE:DOL)’s share price reached a new 52-week high on Tuesday . The stock traded as high as C$149.98 and last traded at C$147.30, with a volume of 166339 shares. The stock had previously closed at C$145.39.
Several research firms have weighed in on DOL. BMO Capital Markets reiterated an “outperform” rating and set a C$155.00 price objective on shares of Dollarama in a research report on Monday, October 16th. CIBC lifted their price objective on shares of Dollarama from C$141.00 to C$157.00 in a research report on Friday, September 8th. Barclays PLC lifted their price objective on shares of Dollarama from C$123.00 to C$130.00 in a research report on Friday, September 8th. Wells Fargo & Company began coverage on shares of Dollarama in a research report on Friday, November 3rd. They set a “market perform” rating and a C$150.00 price objective on the stock. Finally, TD Securities lifted their target price on shares of Dollarama from C$135.00 to C$150.00 and gave the company a “hold” rating in a research note on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of C$144.54.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Friday, October 6th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Thursday, October 5th. Dollarama’s payout ratio is presently 10.17%.
In related news, insider Geoffrey Peter Robillard sold 5,000 shares of Dollarama stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total value of C$669,950.00.
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Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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