Shares of Dollarama Inc (TSE:DOL) have received an average recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$48.40.
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Dollarama from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday. Desjardins cut their target price on shares of Dollarama from C$49.00 to C$48.00 and set a “hold” rating for the company in a research note on Friday. BMO Capital Markets increased their price target on shares of Dollarama from C$50.00 to C$52.00 and gave the company a “market perform” rating in a report on Wednesday, July 3rd. National Bank Financial increased their price target on shares of Dollarama from C$49.00 to C$52.00 and gave the company an “outperform” rating in a report on Wednesday, July 3rd. Finally, CIBC increased their price target on shares of Dollarama from C$48.00 to C$50.00 in a report on Friday.
In other Dollarama news, Director Gregory David sold 12,000 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of C$48.35, for a total value of C$580,148.40. Also, Director Stephen Gunn sold 4,453 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of C$49.16, for a total transaction of C$218,923.73. Following the completion of the transaction, the director now directly owns 92,101 shares in the company, valued at C$4,527,979.88. Over the last three months, insiders sold 118,453 shares of company stock worth $5,883,301.
Shares of Dollarama stock traded down C$0.47 during trading hours on Friday, reaching C$47.67. 785,700 shares of the company’s stock were exchanged, compared to its average volume of 801,987. Dollarama has a fifty-two week low of C$30.70 and a fifty-two week high of C$52.12. The stock has a market cap of $15.00 billion and a P/E ratio of 27.65. The company has a 50 day moving average of C$49.99 and a two-hundred day moving average of C$43.69.
Dollarama (TSE:DOL) last issued its earnings results on Thursday, June 13th. The company reported C$0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.33. The firm had revenue of C$828.04 million during the quarter, compared to analyst estimates of C$803.80 million. Equities analysts predict that Dollarama will post 2.1500003 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, October 11th will be issued a $0.044 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $0.18 annualized dividend and a yield of 0.37%. Dollarama’s dividend payout ratio is currently 10.44%.
Dollarama Company Profile
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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