Dollarama (TSE:DOL) Price Target Increased to C$138.00 by Analysts at Royal Bank of Canada

Dollarama (TSE:DOL) had its price target boosted by Royal Bank of Canada from C$136.00 to C$138.00 in a research report released on Thursday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on the stock. National Bank Financial raised shares of Dollarama from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, March 13th. BMO Capital Markets raised their price objective on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an outperform rating in a report on Monday, June 3rd. Stifel Nicolaus raised their price objective on shares of Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. Desjardins raised their price objective on shares of Dollarama from C$120.00 to C$133.00 and gave the stock a buy rating in a report on Tuesday, June 11th. Finally, CIBC raised their price objective on shares of Dollarama from C$115.00 to C$128.00 and gave the stock a neutral rating in a report on Thursday. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$125.80.

Dollarama Price Performance

Dollarama stock opened at C$123.85 on Thursday. Dollarama has a 52-week low of C$84.19 and a 52-week high of C$129.16. The firm has a fifty day moving average of C$119.41 and a 200-day moving average of C$107.05. The firm has a market capitalization of C$34.52 billion, a P/E ratio of 34.79, a PEG ratio of 1.93 and a beta of 0.52. The company has a quick ratio of 0.08, a current ratio of 1.93 and a debt-to-equity ratio of 1,137.89.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.75 by C$0.02. The company had revenue of C$1.41 billion during the quarter, compared to analyst estimates of C$1.41 billion. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. As a group, analysts predict that Dollarama will post 4.5049541 EPS for the current year.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, July 5th will be given a $0.092 dividend. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.37 annualized dividend and a yield of 0.30%. Dollarama’s dividend payout ratio is presently 8.43%.

Insider Activity at Dollarama

In related news, Director Paul Roche sold 707 shares of Dollarama stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total value of C$79,100.01. In other Dollarama news, Director John Assaly sold 1,339 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$114.55, for a total transaction of C$153,378.30. Also, Director Paul Roche sold 707 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. Insiders have sold a total of 70,775 shares of company stock worth $8,198,939 in the last ninety days. 2.92% of the stock is owned by insiders.

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.