UBS Group Raises Dollarama (TSE:DOL) Price Target to C$196.00

Dollarama (TSE:DOL) had its target price boosted by UBS Group from C$165.00 to C$196.00 in a research note published on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the stock. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$156.00 to C$166.00 in a research note on Friday, March 28th. BMO Capital Markets lifted their target price on shares of Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Stifel Nicolaus lifted their target price on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Desjardins lifted their target price on shares of Dollarama from C$165.00 to C$185.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Finally, Scotiabank lifted their target price on shares of Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$186.36.

Dollarama Trading Down 0.1%

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

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, May 9th were paid a $0.1058 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, April 17th. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s payout ratio is presently 9.42%.

Insider Activity at Dollarama

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of Dollarama stock in a transaction on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of Dollarama stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total transaction of C$234,234.45. In the last 90 days, insiders sold 33,481 shares of company stock valued at $5,508,667. Insiders own 2.23% of the company’s stock.

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.