Dollarama Inc. (TSE:DOL) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dollarama Inc. (TSE:DOL) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$127.80.

DOL has been the subject of several analyst reports. BMO Capital Markets upped their price target on Dollarama from C$133.00 to C$138.00 in a research note on Thursday, July 18th. CIBC upped their price objective on shares of Dollarama from C$115.00 to C$128.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. National Bankshares lifted their target price on shares of Dollarama from C$132.00 to C$141.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus boosted their price target on shares of Dollarama from C$110.00 to C$125.00 and gave the stock a “hold” rating in a research note on Thursday, June 13th. Finally, Desjardins raised their price objective on shares of Dollarama from C$120.00 to C$133.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th.

Insiders Place Their Bets

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

Dollarama Price Performance

Shares of TSE:DOL opened at C$135.18 on Monday. Dollarama has a one year low of C$84.86 and a one year high of C$135.99. The stock has a market capitalization of C$38.36 billion, a price-to-earnings ratio of 36.54, a PEG 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 200-day simple moving average of C$118.10. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 EPS for the quarter, beating the consensus estimate of C$0.75 by C$0.02. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. The firm had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. On average, analysts predict that Dollarama will post 4.5033201 EPS for the current year.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Friday, August 2nd were paid a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.27%. The ex-dividend date was Friday, July 5th. Dollarama’s payout ratio is currently 10.00%.

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.