Dollarama (TSE:DOL) Reaches New 12-Month High – Time to Buy?

Dollarama Inc. (TSE:DOL)’s share price hit a new 52-week high during trading on Friday. The company traded as high as C$222.22 and last traded at C$221.44, with a volume of 24,577 shares traded. The stock had previously closed at C$220.42.

Analyst Upgrades and Downgrades

Several research firms have commented on DOL. UBS Group lowered their price target on shares of Dollarama from C$202.00 to C$190.00 in a report on Monday, September 14th. National Bank Financial boosted their target price on shares of Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Ventum Financial set a C$225.00 price target on Dollarama and gave the company a “buy” rating in a research note on Tuesday, September 8th. TD cut their target price on Dollarama from C$227.00 to C$217.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Finally, Ventum Capital boosted their price objective on shares of Dollarama from C$225.00 to C$231.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dollarama has an average rating of “Moderate Buy” and a consensus price target of C$216.06.

Dollarama Stock Down 0.1%

The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. The company has a market capitalization of C$59.10 billion, a PE ratio of 44.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.38. The firm’s 50-day simple moving average is C$193.84 and its 200 day simple moving average is C$186.36.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. The business had revenue of C$2.03 billion during the quarter. As a group, equities research analysts forecast that Dollarama Inc. will post 5.33 earnings per share for the current year.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 6th. Shareholders of record on Friday, November 6th were issued a $0.12 dividend. The ex-dividend date was Friday, October 9th. This represents a $0.48 annualized dividend and a yield of 0.2%. Dollarama’s payout ratio is 9.07%.

Insider Activity

In other news, insider Mark Di Pesa sold 6,095 shares of Dollarama stock in a transaction on Thursday, October 29th. The stock was sold at an average price of C$205.93, for a total value of C$1,255,143.35. Following the completion of the sale, the insider owned 1,561 shares of the company’s stock, valued at C$321,456.73. The trade was a 79.61% decrease in their ownership of the stock. 2.23% of the stock is owned by company insiders.

About Dollarama

Founded in 1992 and headquartered in Montreal, Quebec, Canada, Dollarama (TSX: DOL) is a leading Canadian value retailer with international reach with more than 2,900 conveniently located stores and over 43,000 people serving customers in seven countries on three continents. In every market where it operates, Dollarama aims to provide compelling value at select low fixed price points and convenient access to a wide assortment of affordable everyday and seasonal merchandise that appeals to a broad customer base.