Analysts Set Dollarama Inc. (TSE:DOL) Price Target at C$109.36

Dollarama Inc. (TSE:DOL) has received an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$109.36.

A number of equities research analysts have issued reports on the stock. BMO Capital Markets increased their price objective on shares of Dollarama from C$105.00 to C$124.00 in a research note on Friday, April 5th. Stifel Nicolaus increased their price objective on shares of Dollarama from C$100.00 to C$110.00 in a research note on Friday, April 5th. Scotiabank raised their price target on shares of Dollarama from C$107.00 to C$113.00 in a research note on Friday, April 5th. Wells Fargo & Company reduced their price target on shares of Dollarama from C$110.00 to C$105.00 in a research note on Thursday, January 4th. Finally, TD Securities raised their price target on shares of Dollarama from C$106.00 to C$113.00 and gave the company a “hold” rating in a research note on Friday, April 5th.

Insider Buying and Selling

In related news, Director Paul Roche sold 707 shares of Dollarama stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. 2.90% of the stock is owned by corporate insiders.

Dollarama Trading Down 0.4 %

Shares of Dollarama stock opened at C$112.93 on Tuesday. The company has a market capitalization of C$31.76 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 1.93 and a beta of 0.57. The company has a quick ratio of 0.08, a current ratio of 1.51 and a debt-to-equity ratio of 1,477.71. Dollarama has a 12-month low of C$80.81 and a 12-month high of C$114.81. The firm’s 50-day moving average price is C$105.51 and its two-hundred day moving average price is C$99.87.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a dividend of $0.092 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Dollarama’s previous quarterly dividend of $0.07. This represents a $0.37 annualized dividend and a yield of 0.33%. Dollarama’s dividend payout ratio (DPR) is currently 8.43%.

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.