Insider Selling: Dollarama Inc. (TSE:DOL) Director Sells 54,950 Shares of Stock

Dollarama Inc. (TSE:DOL) Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50.

Dollarama Stock Performance

Shares of TSE DOL traded up C$0.29 during midday trading on Friday, reaching C$141.84. The company had a trading volume of 714,806 shares, compared to its average volume of 585,131. Dollarama Inc. has a 1 year low of C$89.93 and a 1 year high of C$152.97. The business’s 50-day simple moving average is C$144.47 and its 200 day simple moving average is C$134.98. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The stock has a market cap of C$39.97 billion, a P/E ratio of 36.78, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last released its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The firm had revenue of C$1.56 billion for the quarter, compared to the consensus estimate of C$1.57 billion. On average, analysts forecast that Dollarama Inc. will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Announces Dividend

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

Analyst Ratings Changes

A number of research analysts have commented on the stock. National Bank Financial downgraded shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Royal Bank of Canada cut their price objective on shares of Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and upped their target price for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Wells Fargo & Company downgraded Dollarama from an “overweight” rating to an “equal weight” rating and cut their price target for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, Desjardins boosted 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. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Dollarama has an average rating of “Hold” and a consensus price target of C$145.17.

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.