Dollarama Inc. (TSE:DOL) Receives Consensus Rating of “Hold” from Brokerages

Shares of Dollarama Inc. (TSE:DOL) have been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$145.17.

A number of research analysts recently issued reports on the stock. CIBC lifted their price target on shares of Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Canaccord Genuity Group boosted their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. Cfra raised Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the company from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Desjardins boosted their target price on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Stifel Nicolaus raised their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th.

Insider Activity

In other news, Director Stephen Gunn sold 54,950 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Also, Director John Huw Thomas sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders have sold a total of 57,480 shares of company stock valued at $8,130,761 in the last 90 days. 2.23% of the stock is currently owned by insiders.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$140.21 on Friday. The business has a fifty day simple moving average of C$144.25 and a two-hundred day simple moving average of C$136.06. The firm has a market capitalization of C$39.51 billion, a P/E ratio of 36.32, a P/E/G ratio of 1.93 and a beta of 0.56. 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 has a 12 month low of C$93.72 and a 12 month high of C$152.97.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, October 4th. Dollarama’s dividend payout ratio is currently 9.59%.

About Dollarama

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.