Dollarama (TSE:DOL) Price Target Raised to C$204.00

Dollarama (TSE:DOL) had its target price lifted by CIBC from C$174.00 to C$204.00 in a research note released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on DOL. Scotiabank boosted their target price on shares of Dollarama from C$150.00 to C$175.00 in a research report on Friday, April 4th. National Bank Financial upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Canaccord Genuity Group boosted their target price on shares of Dollarama from C$168.00 to C$178.00 in a research report on Thursday, June 5th. UBS Group boosted their target price on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on shares of Dollarama from C$149.00 to C$183.00 in a research report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Dollarama has an average rating of “Moderate Buy” and a consensus target price of C$186.36.

Dollarama Stock Down 0.1%

Dollarama stock opened at C$193.74 on Thursday. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. Dollarama has a 12-month low of C$119.88 and a 12-month high of C$196.46. The firm’s fifty day moving average is C$171.10 and its 200 day moving average is C$153.31. The company has a market capitalization of C$53.54 billion, a PE ratio of 49.34, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were issued a $0.1058 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. This is an increase from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio is currently 9.42%.

Insider Activity

In other news, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Insiders sold a total of 33,481 shares of company stock worth $5,508,667 over the last quarter. Insiders own 2.23% of the company’s stock.

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.