Dollarama (TSE:DOL) Sets New 12-Month High at $115.23

Shares of Dollarama Inc. (TSE:DOL) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$115.23 and last traded at C$114.43, with a volume of 93909 shares changing hands. The stock had previously closed at C$114.02.

Analyst Ratings Changes

Several research firms have recently issued reports on DOL. Stifel Nicolaus lifted their target price on shares of Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. National Bankshares boosted their price objective on shares of Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$98.00 to C$100.00 in a report on Monday, April 1st. BMO Capital Markets boosted their price objective on shares of Dollarama from C$105.00 to C$124.00 in a report on Friday, April 5th. Finally, TD Securities boosted their price objective on shares of Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$109.36.

Dollarama Stock Performance

The business’s 50-day moving average price is C$106.01 and its 200-day moving average price is C$100.24. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51. The stock has a market cap of C$31.96 billion, a P/E ratio of 34.34, a P/E/G ratio of 1.93 and a beta of 0.57.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a dividend of $0.092 per share. This is an increase from Dollarama’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, April 18th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.32%. Dollarama’s payout ratio is presently 8.43%.

Insider Activity

In other news, Director Paul Roche sold 707 shares of the business’s stock in a transaction 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. In other Dollarama news, Director John Assaly sold 1,336 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total value of C$150,106.41. Also, Director Paul Roche sold 707 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total transaction of C$79,100.01. Insiders sold a total of 7,584 shares of company stock valued at $845,523 in the last 90 days. Company insiders own 2.90% of the company’s stock.

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.