Dollarama (TSE:DOL) Upgraded to Outperform at National Bankshares

National Bankshares upgraded shares of Dollarama (TSE:DOL) from a sector perform rating to an outperform rating in a research note published on Friday,BayStreet.CA reports. National Bankshares currently has C$166.00 target price on the stock, up from their previous target price of C$156.00.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada reduced their price target on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Desjardins raised their price target on Dollarama from C$147.00 to C$150.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Stifel Nicolaus upped their price objective on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Canaccord Genuity Group raised their target price on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. Finally, CIBC boosted their target price on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$147.00.

Dollarama Stock Performance

Shares of TSE DOL opened at C$151.68 on Friday. The company has a 50-day simple moving average of C$144.98 and a 200-day simple moving average of C$142.63. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a market cap of C$41.92 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$100.30 and a 12 month high of C$156.25.

Dollarama Dividend Announcement

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

Insider Transactions at Dollarama

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction dated 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. 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.