Dollarama (TSE:DOL) Price Target Raised to C$178.00

Dollarama (TSE:DOL) had its price objective raised by Canaccord Genuity Group from C$168.00 to C$178.00 in a research report released on Thursday,BayStreet.CA reports.

Several other research analysts also recently commented on DOL. Scotiabank lifted their price target on Dollarama from C$150.00 to C$175.00 in a research report on Friday, April 4th. CIBC lifted their price target on Dollarama from C$145.00 to C$174.00 in a research report on Friday, April 4th. BMO Capital Markets lifted their price target on Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. UBS Group lifted their price target on Dollarama from C$147.00 to C$165.00 in a research report on Friday, April 4th. Finally, National Bankshares raised Dollarama from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$156.00 to C$166.00 in a report on Friday, March 28th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$165.21.

Dollarama Stock Performance

Shares of TSE DOL opened at C$176.09 on Thursday. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The firm has a market cap of C$48.66 billion, a price-to-earnings ratio of 44.85, a P/E/G ratio of 1.93 and a beta of 0.56. The business’s 50-day simple moving average is C$167.95 and its 200-day simple moving average is C$151.86. Dollarama has a 52 week low of C$119.75 and a 52 week high of C$179.71.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were paid a $0.1058 dividend. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, April 17th. This represents a $0.42 annualized dividend and a yield of 0.24%. Dollarama’s payout ratio is currently 9.42%.

Insider Activity at Dollarama

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of the business’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total transaction of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. 2.23% of the stock is owned by 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.