BMO Capital Markets Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its target price upped by BMO Capital Markets from C$154.00 to C$160.00 in a research report released on Friday,BayStreet.CA reports.

Several other equities analysts also recently weighed in on the company. UBS Group set a C$147.00 price objective on Dollarama and gave the company a “neutral” rating in a research note on Friday, December 13th. Stifel Nicolaus raised their price target on Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Desjardins raised their price target on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. National Bankshares downgraded Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. Finally, National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$145.67.

Dollarama Stock Performance

TSE DOL opened at C$149.98 on Friday. Dollarama has a 1-year low of C$100.30 and a 1-year high of C$156.25. The company has a market capitalization of C$41.45 billion, a P/E ratio of 38.20, a PEG ratio of 1.93 and a beta of 0.56. The business has a 50 day moving average price of C$142.15 and a 200 day moving average price of C$141.37. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is 9.42%.

Insider Activity at Dollarama

In related news, Director Nicolas Hien sold 9,000 shares of Dollarama stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is owned by insiders.

About Dollarama

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.