Dollarama Inc. (TSE:DOL) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been given an average rating of “Moderate Buy” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$125.80.

DOL has been the topic of a number of recent research reports. CIBC lifted their target price on Dollarama from C$115.00 to C$128.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. National Bankshares boosted their price objective on shares of Dollarama from C$130.00 to C$132.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th. TD Securities boosted their price objective on shares of Dollarama from C$113.00 to C$126.00 and gave the stock a “hold” rating in a research report on Tuesday, May 28th. Scotiabank upped their target price on shares of Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Finally, Stifel Nicolaus boosted their price target on shares of Dollarama from C$110.00 to C$125.00 and gave the company a “hold” rating in a report on Thursday, June 13th.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$127.38 on Friday. 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 has a 12 month low of C$84.19 and a 12 month high of C$129.16. The business has a fifty day simple moving average of C$122.70 and a 200-day simple moving average of C$109.53. The stock has a market cap of C$35.51 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.93 and a beta of 0.52.

Dollarama (TSE:DOL) last posted its earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, beating the consensus estimate of C$0.75 by C$0.02. Dollarama had a return on equity of 493.80% and a net margin of 17.22%. The company had revenue of C$1.41 billion for the quarter, compared to analyst estimates of C$1.41 billion. On average, sell-side analysts anticipate that Dollarama will post 4.5049541 EPS for the current fiscal year.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.092 per share. The ex-dividend date is Friday, July 5th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.29%. Dollarama’s dividend payout ratio (DPR) is presently 8.43%.

Insider Transactions at Dollarama

In other news, Director Paul Roche sold 707 shares of Dollarama 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 related 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 value of C$79,100.01. Also, Senior Officer Johanne Choinière sold 2,811 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.04, for a total transaction of C$343,051.07. Over the last 90 days, insiders have sold 127,886 shares of company stock worth $15,226,504. Company insiders own 2.92% of the company’s stock.

About Dollarama

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.