Dollarama (TSE:DOL) Price Target Raised to C$223.00

Dollarama (TSE:DOL) had its price target increased by Jefferies Financial Group from C$180.00 to C$223.00 in a report published on Thursday,BayStreet.CA reports.

Other equities analysts have also issued reports about the stock. UBS Group raised their target price on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday. Canaccord Genuity Group raised their target price on shares of Dollarama from C$168.00 to C$178.00 in a research report on Thursday, June 5th. Scotiabank raised their target price on shares of Dollarama from C$175.00 to C$210.00 in a research report on Thursday. TD Securities raised their target price on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Finally, Stifel Nicolaus raised their target price on shares of Dollarama from C$162.50 to C$190.00 in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$186.36.

Dollarama Stock Performance

Shares of DOL opened at C$193.74 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The firm has a market cap of C$53.54 billion, a PE ratio of 49.34, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company’s 50 day simple moving average is C$171.10 and its 200-day simple moving average is C$153.31. Dollarama has a 12-month low of C$119.88 and a 12-month high of C$196.46.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were issued a dividend of $0.1058 per share. The ex-dividend date was Thursday, April 17th. This is an increase from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. Dollarama’s dividend payout ratio (DPR) is currently 9.42%.

Insider Buying and Selling

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Insiders sold a total of 33,481 shares of company stock valued at $5,508,667 over the last three months. 2.23% of the stock is currently owned by company insiders.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.