Dollarama Inc. (TSE:DOL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Dollarama Inc. (TSE:DOL) has been given an average recommendation of “Moderate Buy” by the eleven analysts that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$141.91.

DOL has been the topic of a number of research analyst reports. Desjardins upped their price target on shares of Dollarama from C$143.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada raised their target price on Dollarama from C$147.00 to C$160.00 in a research note on Monday. CIBC lifted their target price on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and increased their price target for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, National Bankshares lifted their price objective on shares of Dollarama from C$143.00 to C$149.00 in a research note on Wednesday, November 20th.

Insiders Place Their Bets

In other Dollarama news, Director John Huw Thomas sold 2,000 shares of the firm’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. Over the last 90 days, insiders have sold 7,697 shares of company stock worth $1,049,979. Insiders own 2.23% of the company’s stock.

Dollarama Price Performance

Dollarama stock opened at C$143.80 on Wednesday. The firm has a market cap of C$40.52 billion, a P/E ratio of 37.25, a P/E/G ratio of 1.93 and a beta of 0.56. The stock’s 50 day moving average is C$142.61 and its 200 day moving average is C$133.01. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. Dollarama has a one year low of C$89.93 and a one year high of C$152.97.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The company had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.57 billion. As a group, research analysts expect that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Dollarama Company Profile

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.