Josée Kouri Sells 17,000 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director Josée Kouri sold 17,000 shares of the business’s stock in a transaction that occurred on Thursday, September 16th. The stock was sold at an average price of C$56.00, for a total value of C$952,000.00.

Shares of DOL stock opened at C$56.35 on Tuesday. The stock has a market cap of C$17.07 billion and a price-to-earnings ratio of 29.33. The business’s fifty day moving average is C$57.85 and its 200 day moving average is C$55.84. Dollarama Inc. has a twelve month low of C$45.42 and a twelve month high of C$60.87. The company has a quick ratio of 0.32, a current ratio of 1.60 and a debt-to-equity ratio of 2,500.61.

The company also recently declared a quarterly dividend, which was paid on Friday, August 6th. Investors of record on Friday, August 6th were paid a $0.0503 dividend. The ex-dividend date was Thursday, July 8th. This represents a $0.20 annualized dividend and a yield of 0.36%. Dollarama’s payout ratio is 9.97%.

A number of brokerages have commented on DOL. National Bankshares decreased their price target on Dollarama from C$65.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, September 10th. Canaccord Genuity set a C$57.00 price target on Dollarama and gave the stock a “hold” rating in a research note on Wednesday, September 1st. Desjardins reaffirmed a “hold” rating and issued a C$61.00 price target on shares of Dollarama in a research note on Tuesday, June 8th. CIBC reaffirmed a “buy” rating and issued a C$59.00 price target on shares of Dollarama in a research note on Thursday, September 9th. Finally, National Bank Financial decreased their price target on Dollarama to C$63.00 and set an “outperform” rating on the stock in a research note on Friday, September 10th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$62.36.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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