Dollarama (TSE:DOL) Given a C$180.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a C$180.00 price target on Dollarama (TSE:DOL) in a research report sent to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Desjardins boosted their price target on Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research report on Wednesday, April 2nd. CIBC boosted their target price on Dollarama from C$145.00 to C$174.00 in a report on Friday, April 4th. Royal Bank of Canada increased their price target on Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. National Bankshares upgraded shares of Dollarama from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Finally, BMO Capital Markets raised their target price on shares of Dollarama from C$154.00 to C$160.00 in a research note on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$164.50.

Dollarama Stock Up 2.3 %

DOL stock opened at C$155.46 on Thursday. The firm has a market cap of C$42.96 billion, a PE ratio of 39.59, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 1 year low of C$111.10 and a 1 year high of C$174.22. The company has a fifty day simple moving average of C$148.20 and a 200 day simple moving average of C$144.02. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be given a $0.1058 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.27%. This is an increase from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio (DPR) 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.