Dollarama (TSE:DOL) Given New C$150.00 Price Target at Desjardins

Dollarama (TSE:DOL) had its price target upped by Desjardins from C$147.00 to C$150.00 in a report published on Tuesday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the company. TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and increased their price target for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. Stifel Nicolaus raised their target price on shares of Dollarama from C$125.00 to C$136.00 in a report on Thursday, September 12th. Royal Bank of Canada upped their price target on shares of Dollarama from C$147.00 to C$160.00 in a report on Monday, November 25th. National Bankshares raised their price objective on shares of Dollarama from C$143.00 to C$149.00 in a report on Wednesday, November 20th. Finally, Canaccord Genuity Group upped their target price on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research note on Thursday, November 28th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$143.55.

Dollarama Trading Up 0.7 %

TSE DOL opened at C$148.17 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97. The company has a market capitalization of C$41.75 billion, a PE ratio of 38.74, a P/E/G ratio of 1.93 and a beta of 0.56. The stock has a 50-day simple moving average of C$143.63 and a 200 day simple moving average of C$133.91.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. The company had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. Research analysts forecast that Dollarama will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama’s payout ratio is presently 9.59%.

Insider Buying and Selling

In related news, Director Nicolas Hien sold 5,167 shares of Dollarama stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. Over the last three months, insiders have sold 7,697 shares of company stock worth $1,049,979. Insiders own 2.23% 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.