Dollarama (TSE:DOL) Price Target Raised to C$168.00

Dollarama (TSE:DOL) had its price objective boosted by Canaccord Genuity Group from C$146.00 to C$168.00 in a research note published on Friday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the stock. 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. National Bank Financial upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 27th. Scotiabank boosted their price objective on Dollarama from C$150.00 to C$175.00 in a report on Friday. CIBC increased their target price on Dollarama from C$145.00 to C$174.00 in a report on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Dollarama from C$140.00 to C$162.00 in a research report on Friday. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Stock Performance

TSE:DOL opened at C$154.03 on Friday. Dollarama has a fifty-two week low of C$107.80 and a fifty-two week high of C$174.22. The company has a 50 day simple moving average of C$146.75 and a two-hundred day simple moving average of C$143.44. The company has a market capitalization of C$42.57 billion, a PE ratio of 39.23, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43.

Dollarama Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 9th will be paid a $0.1058 dividend. The ex-dividend date is Friday, April 18th. This represents a $0.42 annualized dividend and a dividend yield of 0.27%. This is a boost from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s payout ratio is currently 9.42%.

About Dollarama

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.