Brokerages Set Dollarama Inc. (TSE:DOL) Target Price at C$109.36

Dollarama Inc. (TSE:DOL) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$109.36.

A number of research firms have recently commented on DOL. Canaccord Genuity Group raised their price objective on shares of Dollarama from C$98.00 to C$100.00 in a report on Monday, April 1st. National Bankshares raised their price objective on shares of Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Wells Fargo & Company reduced their price objective on shares of Dollarama from C$110.00 to C$105.00 in a report on Thursday, January 4th. Stifel Nicolaus raised their price objective on shares of Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. Finally, BMO Capital Markets raised their price objective on shares of Dollarama from C$105.00 to C$124.00 in a report on Friday, April 5th.

Insider Buying and Selling

In related news, Director Paul Roche sold 707 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. 2.90% of the stock is currently owned by insiders.

Dollarama Price Performance

Shares of Dollarama stock opened at C$112.93 on Tuesday. The company has a debt-to-equity ratio of 1,477.71, a current ratio of 1.51 and a quick ratio of 0.08. Dollarama has a fifty-two week low of C$80.81 and a fifty-two week high of C$114.81. The firm has a fifty day moving average price of C$105.51 and a two-hundred day moving average price of C$99.87. The company has a market cap of C$31.76 billion, a PE ratio of 34.02, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57.

Dollarama Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be paid a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.33%. This is an increase from Dollarama’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 18th. Dollarama’s payout ratio is 8.43%.

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.