Dollarama (TSE:DOL) Reaches New 52-Week High on Analyst Upgrade

Shares of Dollarama Inc. (TSE:DOL) hit a new 52-week high on Monday after Desjardins raised their price target on the stock from C$133.00 to C$140.00. Desjardins currently has a buy rating on the stock. Dollarama traded as high as C$136.19 and last traded at C$136.11, with a volume of 252175 shares changing hands. The stock had previously closed at C$135.18.

Several other research analysts also recently weighed in on DOL. CIBC lifted their target price on Dollarama from C$115.00 to C$128.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. National Bankshares lifted their price target on shares of Dollarama from C$132.00 to C$141.00 and gave the company an “outperform” rating in a report on Thursday. TD Securities boosted their price objective on Dollarama from C$113.00 to C$126.00 and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Canaccord Genuity Group increased their target price on Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. Finally, Stifel Nicolaus increased their target price on shares of Dollarama from C$110.00 to C$125.00 and gave the stock a “hold” rating in a report on Thursday, June 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$128.50.

Insiders Place Their Bets

In other news, Senior Officer Mark Di Pesa sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the completion of the transaction, the insider now owns 530 shares of the company’s stock, valued at C$68,991.16. In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the transaction, the insider now owns 530 shares in the company, valued at C$68,991.16. Also, Director John Assaly sold 7,202 shares of Dollarama stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. Insiders have sold 66,465 shares of company stock worth $8,220,415 over the last ninety days. Corporate insiders own 2.22% of the company’s stock.

Dollarama Stock Up 0.7 %

The company has a current ratio of 2.09, a quick ratio of 0.08 and a debt-to-equity ratio of 1,073.06. The firm has a market capitalization of C$38.63 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.93 and a beta of 0.55. The company has a 50 day simple moving average of C$128.64 and a two-hundred day simple moving average of C$118.10.

Dollarama (TSE:DOL) last announced 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. The company had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. Dollarama had a net margin of 17.50% and a return on equity of 324.09%. On average, equities analysts predict that Dollarama Inc. will post 4.5033201 EPS for the current fiscal year.

Dollarama Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 2nd. Shareholders of record on Friday, August 2nd were issued a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.37 annualized dividend and a yield of 0.27%. Dollarama’s dividend payout ratio (DPR) is 10.00%.

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.