Dollarama (TSE:DOL) Given a C$147.00 Price Target at UBS Group

UBS Group set a C$147.00 target price on Dollarama (TSE:DOL) in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets upped their target price on Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. Stifel Nicolaus increased their price objective on shares of Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. TD Securities boosted their target price on shares of Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price target for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$145.17.

Dollarama Stock Performance

Dollarama stock opened at C$141.84 on Friday. The company has a market cap of C$39.97 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$152.97. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The stock’s 50-day moving average is C$144.54 and its 200-day moving average is C$135.03.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The firm had revenue of C$1.56 billion for the quarter, compared to analysts’ expectations of C$1.57 billion. Equities analysts anticipate that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Announces Dividend

The firm 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 of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. Dollarama’s dividend payout ratio is currently 9.59%.

Insider Buying and Selling

In other news, Director John Huw Thomas sold 2,000 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of Dollarama 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 90 days, insiders have sold 62,647 shares of company stock valued at $8,829,251. 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.