Dollarama (TSE:DOL) Reaches New 12-Month High – Still a Buy?

Dollarama Inc. (TSE:DOL) hit a new 52-week high during trading on Thursday . The company traded as high as C$153.15 and last traded at C$152.07, with a volume of 286703 shares trading hands. The stock had previously closed at C$150.78.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on DOL shares. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. TD Securities boosted their price target on Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Desjardins upped their price target on Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Canaccord Genuity Group raised their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. Finally, CIBC upped their target price on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Dollarama presently has an average rating of “Moderate Buy” and a consensus target price of C$145.17.

Dollarama Stock Performance

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 company has a market capitalization of C$42.35 billion, a PE ratio of 39.03, a PEG ratio of 1.93 and a beta of 0.56. The firm has a 50-day moving average of C$140.63 and a two-hundred day moving average of C$140.53.

Dollarama Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were paid a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is 9.42%.

Insider Activity

In related news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.