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

Dollarama Inc. (TSE:DOL)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$153.15 and last traded at C$152.07, with a volume of 286703 shares trading hands. The stock had previously closed at C$150.78.

Analysts Set New Price Targets

DOL has been the topic of several recent research reports. Canaccord Genuity Group upped their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a report on Thursday, November 28th. Scotiabank raised Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. TD Securities increased their target price on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Finally, Stifel Nicolaus upped their price objective on Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Dollarama presently has an average rating of “Moderate Buy” and a consensus price target of C$145.17.

Dollarama Price Performance

The company’s 50-day moving average is C$141.04 and its 200-day moving average is C$140.77. The firm has a market capitalization of C$42.84 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were paid a dividend of $0.092 per share. The ex-dividend date was Friday, January 10th. This represents a $0.37 annualized dividend and a dividend yield of 0.24%. Dollarama’s dividend payout ratio is presently 9.42%.

Insider Transactions at Dollarama

In related news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction that occurred on 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. Insiders own 2.23% of the company’s stock.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.