Paul Roche Sells 5,541 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director Paul Roche sold 5,541 shares of Dollarama stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total transaction of C$616,316.56.

Paul Roche also recently made the following trade(s):

• On Tuesday, April 9th, Paul Roche sold 707 shares of Dollarama stock. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01.

Dollarama Price Performance

Shares of TSE:DOL traded down C$0.13 during trading on Friday, hitting C$112.80. 346,394 shares of the company were exchanged, compared to its average volume of 489,447. The business’s 50 day moving average is C$105.51 and its 200-day moving average is C$99.87. The company has a market capitalization of C$31.72 billion, a P/E ratio of 33.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a quick ratio of 0.08, a current ratio of 1.51 and a debt-to-equity ratio of 1,477.71. Dollarama Inc. has a 1-year low of C$80.81 and a 1-year high of C$114.81.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Dollarama’s previous quarterly dividend of $0.07. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. Dollarama’s dividend payout ratio is 8.43%.

Analyst Ratings Changes

DOL has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on shares of Dollarama from C$100.00 to C$110.00 in a research report on Friday, April 5th. Royal Bank of Canada boosted their price objective on shares of Dollarama from C$118.00 to C$125.00 in a research report on Friday, April 5th. Scotiabank boosted their price objective on shares of Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. Finally, TD Securities boosted their price objective on shares of Dollarama from C$106.00 to C$113.00 and gave the company a “hold” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$109.36.

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.