Dollarama (TSE:DOL) Price Target Raised to C$156.00

Dollarama (TSE:DOL) had its price objective hoisted by National Bankshares from C$149.00 to C$156.00 in a research note released on Thursday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

DOL has been the subject of a number of other reports. CIBC increased their price target on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. National Bank Financial cut Dollarama from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. TD Securities raised their target price on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. UBS Group set a C$147.00 target price on Dollarama and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Scotiabank upgraded Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Dollarama presently has a consensus rating of “Moderate Buy” and an average target price of C$146.25.

Dollarama Stock Performance

TSE DOL opened at C$148.44 on Thursday. The stock has a market cap of C$41.02 billion, a PE ratio of 37.81, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. Dollarama has a twelve month low of C$100.30 and a twelve month high of C$156.25. The stock has a fifty day simple moving average of C$143.44 and a 200-day simple moving average of C$141.92.

Dollarama Dividend Announcement

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 $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Friday, January 10th. Dollarama’s payout ratio is presently 9.42%.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.