Analysts Set Dollarama Inc. (TSE:DOL) PT at C$147.00

Dollarama Inc. (TSE:DOL) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six 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 company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$163.31.

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Dollarama from C$147.00 to C$165.00 in a research report on Friday. Desjardins raised their price target on shares of Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a report on Wednesday, April 2nd. Stifel Nicolaus upped their price objective on shares of Dollarama from C$140.00 to C$162.00 in a report on Friday. Royal Bank of Canada raised their target price on Dollarama from C$149.00 to C$183.00 in a research note on Friday. Finally, National Bankshares raised Dollarama from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th.

Dollarama Stock Down 2.0 %

Shares of Dollarama stock opened at C$151.00 on Tuesday. The stock’s 50-day moving average is C$146.94 and its 200 day moving average is C$143.56. Dollarama has a one year low of C$107.80 and a one year high of C$174.22. The firm has a market cap of C$41.73 billion, a price-to-earnings ratio of 38.46, 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 9th will be issued a $0.1058 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.42 annualized dividend and a dividend yield of 0.28%. This is an increase from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio is currently 9.42%.

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.