Dollarama (TSE:DOL) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dollarama (TSE:DOL) had its price target boosted by Canaccord Genuity Group from C$140.00 to C$146.00 in a research note published on Tuesday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

DOL has been the subject of several other reports. Scotiabank upgraded shares of Dollarama to a “strong-buy” rating in a research report on Monday, January 20th. Royal Bank of Canada dropped their price target on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. BMO Capital Markets upped their price objective on Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, TD Securities boosted their price target on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Eight 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. Based on data from MarketBeat, Dollarama has an average rating of “Moderate Buy” and a consensus target price of C$146.23.

Dollarama Trading Up 1.4 %

Dollarama stock opened at C$150.04 on Tuesday. Dollarama has a 52-week low of C$100.30 and a 52-week high of C$156.25. The company has a market cap of C$41.46 billion, a P/E ratio of 38.21, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The business has a 50-day simple moving average of C$144.62 and a two-hundred day simple moving average of C$142.47.

Dollarama Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, February 7th were given 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 is currently 9.42%.

Insider Activity at Dollarama

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