Dollarama (TSE:DOL) Price Target Raised to C$140.00

Dollarama (TSE:DOL) had its price target lifted by Canaccord Genuity Group from C$138.00 to C$140.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities research analysts have also issued reports about the stock. BMO Capital Markets boosted their price objective on shares of Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. National Bankshares boosted their price objective on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. CIBC boosted their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Finally, Royal Bank of Canada boosted their price objective on shares of Dollarama from C$147.00 to C$160.00 in a research report on Monday. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$143.27.

Dollarama Price Performance

Shares of TSE DOL opened at C$144.78 on Thursday. The firm has a market capitalization of C$40.80 billion, a P/E ratio of 37.54, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a one year low of C$89.93 and a one year high of C$152.97. The company’s fifty day moving average is C$142.96 and its two-hundred day moving average is C$133.36. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99.

Dollarama (TSE:DOL) last issued its earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, topping the consensus estimate of C$0.96 by C$0.06. The company had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. Analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were issued a $0.092 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.25%. Dollarama’s dividend payout ratio (DPR) is 9.59%.

Insider Buying and Selling at Dollarama

In other news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. In the last ninety days, insiders have sold 7,697 shares of company stock worth $1,049,979. Corporate insiders own 2.23% of the company’s stock.

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.