Shares of Dollarama Inc. (TSE:DOL – Get Free Report) 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.
View Our Latest Analysis on Dollarama
Insiders Place Their Bets
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 – Get Free Report) 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.
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