Dollarama (TSE:DOL) Hits New 12-Month High After Analyst Upgrade

Dollarama Inc. (TSE:DOL) hit a new 52-week high on Monday after Desjardins raised their price target on the stock from C$133.00 to C$140.00. Desjardins currently has a buy rating on the stock. Dollarama traded as high as C$136.19 and last traded at C$136.11, with a volume of 252175 shares changing hands. The stock had previously closed at C$135.18.

DOL has been the topic of several other reports. National Bankshares upped their target price on Dollarama from C$132.00 to C$141.00 and gave the company an “outperform” rating in a report on Thursday. Royal Bank of Canada increased their price objective on Dollarama from C$138.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets increased their target price on Dollarama from C$133.00 to C$138.00 in a research note on Thursday, July 18th. TD Securities lifted their price target on shares of Dollarama from C$113.00 to C$126.00 and gave the company a “hold” rating in a report on Tuesday, May 28th. Finally, Stifel Nicolaus raised their price objective on Dollarama from C$110.00 to C$125.00 and gave the company a “hold” rating in a research note on Thursday, June 13th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$128.50.

Insider Activity

In other news, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of Dollarama stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of C$123.51, for a total value of C$4,853,821.17. In related news, Senior Officer Johanne Choinière sold 2,811 shares of Dollarama stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$122.04, for a total value of C$343,051.07. Also, Senior Officer Geoffrey Peter Robillard sold 39,300 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of C$123.51, for a total value of C$4,853,821.17. Insiders sold a total of 66,465 shares of company stock worth $8,220,415 in the last three months. 2.22% of the stock is owned by insiders.

Dollarama Stock Up 0.7 %

The company has a quick ratio of 0.08, a current ratio of 2.09 and a debt-to-equity ratio of 1,073.06. The firm has a market cap of C$38.63 billion, a PE ratio of 36.72, a P/E/G ratio of 1.93 and a beta of 0.55. The stock has a 50-day simple moving average of C$128.64 and a two-hundred day simple moving average of C$118.10.

Dollarama (TSE:DOL) last announced its earnings results on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.02. The business had revenue of C$1.41 billion during the quarter, compared to analysts’ expectations of C$1.41 billion. Dollarama had a net margin of 17.50% and a return on equity of 324.09%. Analysts expect that Dollarama Inc. will post 4.5033201 earnings per share for the current year.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Stockholders of record on Friday, August 2nd were given a $0.092 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.37 annualized dividend and a dividend yield of 0.27%. Dollarama’s payout ratio is presently 10.00%.

About Dollarama

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.