Dollarama (TSE:DOL) Price Target Raised to C$138.00

Dollarama (TSE:DOL) had its target price increased by BMO Capital Markets from C$133.00 to C$138.00 in a report issued on Thursday morning, BayStreet.CA reports.

Several other equities analysts have also weighed in on DOL. Scotiabank increased their price objective on shares of Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. TD Securities increased their price objective on shares of Dollarama from C$113.00 to C$126.00 and gave the company a hold rating in a research report on Tuesday, May 28th. National Bankshares increased their price objective on shares of Dollarama from C$130.00 to C$132.00 and gave the company an outperform rating in a research report on Thursday, June 13th. Royal Bank of Canada increased their price objective on shares of Dollarama from C$136.00 to C$138.00 and gave the company an outperform rating in a research report on Thursday, June 13th. Finally, CIBC increased their price objective on shares of Dollarama from C$115.00 to C$128.00 and gave the company a neutral rating in a research report on Thursday, June 13th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of C$126.30.

Dollarama Stock Performance

Shares of DOL stock opened at C$126.95 on Thursday. The stock has a market cap of C$35.39 billion, a P/E ratio of 35.66, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1,137.89, a current ratio of 1.93 and a quick ratio of 0.08. The company has a fifty day moving average price of C$125.22 and a two-hundred day moving average price of C$112.28. Dollarama has a one year low of C$84.19 and a one year high of C$131.17.

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

Dollarama Dividend Announcement

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

Insider Buying and Selling

In other Dollarama news, Director John Assaly sold 7,202 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total value of C$922,050.45. In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total value of C$130,172.00. Following the transaction, the insider now directly owns 530 shares of the company’s stock, valued at approximately C$68,991.16. Also, Director John Assaly sold 7,202 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total transaction of C$922,050.45. Over the last three months, insiders have sold 128,504 shares of company stock valued at $15,433,204. 2.92% of the stock is owned by company 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.