Dollarama Inc (DOL) Receives Consensus Recommendation of “Buy” from Analysts

Dollarama Inc (TSE:DOL) has received an average recommendation of “Buy” from the eleven brokerages that are presently covering the firm. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is C$119.18.

Several brokerages recently issued reports on DOL. TD Securities reissued a “buy” rating and issued a C$115.00 price objective on shares of Dollarama in a research note on Monday, March 27th. National Bank Financial raised their price target on Dollarama from C$113.00 to C$122.00 and gave the stock an “outperform” rating in a research note on Friday, March 31st. Desjardins raised their price target on Dollarama from C$116.00 to C$120.00 and gave the stock a “buy” rating in a research note on Friday, March 31st. CIBC raised their price target on Dollarama from C$111.00 to C$125.00 in a research note on Friday, March 31st. Finally, Royal Bank of Canada cut their price target on Dollarama from C$127.00 to C$126.00 and set an “outperform” rating for the company in a research note on Friday, March 17th.

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In related news, insider Geoffrey Peter Robillard sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of C$114.31, for a total value of C$2,286,200.00. Also, Director Nicolas Hien sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 4th. The shares were sold at an average price of C$110.41, for a total value of C$441,640.00. Insiders sold a total of 57,000 shares of company stock worth $6,539,950 over the last three months.

Shares of Dollarama (TSE:DOL) traded up 0.03% during mid-day trading on Monday, reaching $119.03. 241,089 shares of the company traded hands. Dollarama has a 52-week low of $86.57 and a 52-week high of $119.97. The company has a market capitalization of $13.60 billion and a P/E ratio of 32.08. The firm’s 50 day moving average price is $106.64 and its 200-day moving average price is $101.90.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 3rd. Investors of record on Wednesday, May 3rd will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.37%. This is an increase from Dollarama’s previous quarterly dividend of $0.10. The ex-dividend date is Wednesday, April 19th.

Dollarama Company Profile

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

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