Dollarama (TSE:DOL) Sets New 1-Year High – What’s Next?

Dollarama Inc. (TSE:DOL) shares reached a new 52-week high on Friday. The stock traded as high as C$222.22 and last traded at C$221.44, with a volume of 24,577 shares. The stock had previously closed at C$220.42.

Analysts Set New Price Targets

Several analysts have recently commented on DOL shares. Royal Bank Of Canada increased their price objective on Dollarama from C$223.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Ventum Capital upped their price objective on shares of Dollarama from C$225.00 to C$231.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. Ventum Financial set a C$225.00 price target on Dollarama and gave the stock a “buy” rating in a report on Tuesday, September 8th. TD cut their price objective on shares of Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. Finally, UBS Group decreased their price objective on shares of Dollarama from C$202.00 to C$190.00 in a research report on Monday, September 14th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Dollarama has an average rating of “Moderate Buy” and a consensus target price of C$216.06.

Dollarama Stock Up 0.9%

The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. The stock’s 50 day moving average price is C$192.97 and its 200-day moving average price is C$186.20. The company has a market cap of C$59.70 billion, a PE ratio of 44.67, a PEG ratio of 1.93 and a beta of 0.38.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. The firm had revenue of C$2.03 billion for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. On average, analysts predict that Dollarama Inc. will post 5.33 earnings per share for the current year.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Stockholders of record on Friday, November 6th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Dollarama’s dividend payout ratio is 9.07%.

Insider Activity

In related news, insider Mark Di Pesa sold 6,095 shares of Dollarama stock in a transaction on Thursday, October 29th. The shares were sold at an average price of C$205.93, for a total value of C$1,255,143.35. Following the transaction, the insider directly owned 1,561 shares of the company’s stock, valued at C$321,456.73. The trade was a 79.61% decrease in their ownership of the stock. Corporate insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Founded in 1992 and headquartered in Montreal, Quebec, Canada, Dollarama (TSX: DOL) is a leading Canadian value retailer with international reach with more than 2,900 conveniently located stores and over 43,000 people serving customers in seven countries on three continents. In every market where it operates, Dollarama aims to provide compelling value at select low fixed price points and convenient access to a wide assortment of affordable everyday and seasonal merchandise that appeals to a broad customer base.