Dollarama Inc. (TSE:DOL) Receives C$125.80 Average PT from Analysts

Shares of Dollarama Inc. (TSE:DOL) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$125.80.

A number of analysts have commented on the company. Canaccord Genuity Group raised their price objective on Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. National Bank Financial raised Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, March 13th. Royal Bank of Canada increased their target price on Dollarama from C$136.00 to C$138.00 and gave the stock an “outperform” rating in a report on Thursday, June 13th. Stifel Nicolaus increased their target price on Dollarama from C$110.00 to C$125.00 and gave the stock a “hold” rating in a report on Thursday, June 13th. Finally, Desjardins increased their target price on Dollarama from C$120.00 to C$133.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director John Assaly sold 1,336 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total value of C$150,106.41. In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$123.51, for a total value of C$4,853,821.17. Also, Director John Assaly sold 1,336 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total value of C$150,106.41. In the last ninety days, insiders have sold 127,886 shares of company stock worth $15,226,504. Insiders own 2.92% of the company’s stock.

Dollarama Price Performance

Shares of DOL stock opened at C$127.38 on Friday. The stock has a 50 day moving average of C$122.70 and a two-hundred day moving average of C$109.53. The company has a current ratio of 1.93, a quick ratio of 0.08 and a debt-to-equity ratio of 1,137.89. Dollarama has a 12 month low of C$84.19 and a 12 month high of C$129.16. The company has a market capitalization of C$35.51 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.93 and a beta of 0.52.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, topping analysts’ consensus estimates of C$0.75 by C$0.02. Dollarama had a return on equity of 493.80% and a net margin of 17.22%. The company had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. As a group, equities analysts expect that Dollarama will post 4.5049541 EPS for the current year.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, August 2nd will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.37 dividend on an annualized basis and a yield of 0.29%. Dollarama’s dividend payout ratio is 8.43%.

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.