Analysts Set Dollarama Inc. (TSE:DOL) Target Price at C$145.17

Dollarama Inc. (TSE:DOL) has been given a consensus rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$145.17.

Several equities research analysts have issued reports on DOL shares. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. CIBC boosted their target price on Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Desjardins increased their price target on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. TD Securities boosted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Finally, Royal Bank of Canada cut their price objective on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th.

Insider Buying and Selling

In related news, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction on 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. Also, Director John Huw Thomas sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders have sold 57,480 shares of company stock valued at $8,130,761 over the last ninety days. 2.23% of the stock is owned by insiders.

Dollarama Stock Performance

TSE DOL opened at C$140.21 on Friday. Dollarama has a 52-week low of C$93.72 and a 52-week high of C$152.97. The company has a fifty day moving average of C$144.25 and a 200-day moving average of C$136.06. The company has a market capitalization of C$39.51 billion, a P/E ratio of 36.32, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99.

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 paid a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is 9.59%.

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.