Dollarama Inc. (TSE:DOL) Director Sells C$922,050.45 in Stock

Dollarama Inc. (TSE:DOL) Director John Assaly sold 7,202 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45.

John Assaly also recently made the following trade(s):

• On Tuesday, April 23rd, John Assaly sold 1,339 shares of Dollarama stock. The stock was sold at an average price of C$114.55, for a total value of C$153,378.30.

Dollarama Trading Up 0.5 %

TSE:DOL opened at C$126.95 on Monday. Dollarama Inc. has a 12 month low of C$84.19 and a 12 month high of C$131.17. The company has a current ratio of 1.93, a quick ratio of 0.08 and a debt-to-equity ratio of 1,137.89. The firm’s 50 day moving average is C$125.22 and its 200 day moving average is C$112.41. The stock has a market capitalization of C$35.39 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.52.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share (EPS) 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 firm had revenue of C$1.41 billion for the quarter, compared to analyst estimates of C$1.41 billion. Sell-side analysts expect that Dollarama Inc. will post 4.5049541 earnings per share for the current year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Shareholders of record on Friday, August 2nd will be given 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 yield of 0.29%. Dollarama’s dividend payout ratio is presently 8.43%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DOL shares. Desjardins raised their target price on Dollarama from C$120.00 to C$133.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Royal Bank of Canada raised their price objective on Dollarama from C$136.00 to C$138.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Scotiabank upped their target price on shares of Dollarama from C$107.00 to C$113.00 in a research note on Friday, April 5th. Stifel Nicolaus raised their price target on shares of Dollarama from C$110.00 to C$125.00 and gave the company a “hold” rating in a research report on Thursday, June 13th. Finally, Canaccord Genuity Group upped their price objective on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$126.30.

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.