Dollarama (TSE:DOL) Price Target Raised to C$160.00

Dollarama (TSE:DOL) had its price target increased by Royal Bank of Canada from C$147.00 to C$160.00 in a report released on Monday,BayStreet.CA reports.

A number of other analysts have also weighed in on DOL. Stifel Nicolaus increased their price objective on shares of Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. Wells Fargo & Company downgraded Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. CIBC increased their target price on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Finally, Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$141.91.

Dollarama Price Performance

Shares of Dollarama stock opened at C$143.79 on Monday. The stock has a market cap of C$40.52 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The stock has a 50 day moving average price of C$142.81 and a 200-day moving average price of C$133.18. 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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of C$1.57 billion. Equities analysts expect that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Activity at Dollarama

In related news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Insiders sold 7,697 shares of company stock worth $1,049,979 over the last three months. 2.23% of the stock is owned by corporate insiders.

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.