Dollarama (TSE:DOL) Sets New 12-Month High – Here’s What Happened

Dollarama Inc. (TSE:DOL)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$145.55 and last traded at C$144.48, with a volume of 66205 shares trading hands. The stock had previously closed at C$144.74.

Wall Street Analyst Weigh In

Several brokerages recently commented on DOL. CIBC boosted their price target on shares of Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Cfra upgraded shares of Dollarama from a “hold” rating to a “buy” rating and upped their price target for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. BMO Capital Markets lifted their price objective on Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Royal Bank of Canada boosted their price objective on Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. Finally, Desjardins raised their target price on Dollarama from C$143.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Four research 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, Dollarama presently has a consensus rating of “Moderate Buy” and a consensus price target of C$139.55.

Dollarama Trading Down 0.2 %

The company has a market capitalization of C$40.22 billion, a PE ratio of 36.98, a PEG ratio of 1.93 and a beta of 0.56. The company has a fifty day simple moving average of C$136.25 and a 200-day simple moving average of C$127.52. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24.

Dollarama (TSE:DOL) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of C$1.57 billion. Analysts predict that Dollarama Inc. will post 5.3295203 EPS for the current year.

Dollarama Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Friday, November 1st will be given a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama’s payout ratio is presently 9.59%.

Insider Activity at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. In other news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were 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 that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Over the last three months, insiders have sold 7,697 shares of company stock worth $1,049,979. 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.