Dollarama (TSE:DOL) Price Target Increased to C$88.50 by Analysts at Stifel Nicolaus

Dollarama (TSE:DOLGet Rating) had its target price raised by Stifel Nicolaus from C$82.00 to C$88.50 in a research report released on Monday morning, BayStreet.CA reports.

Several other brokerages have also weighed in on DOL. Industrial Alliance Securities lowered shares of Dollarama to a hold rating and set a C$76.00 price objective on the stock. in a report on Thursday, June 9th. Royal Bank of Canada upped their target price on shares of Dollarama from C$81.00 to C$93.00 and gave the stock an outperform rating in a report on Wednesday, August 31st. Desjardins upped their target price on shares of Dollarama from C$82.00 to C$86.00 in a report on Monday, August 29th. BMO Capital Markets upped their target price on shares of Dollarama from C$80.00 to C$95.00 in a report on Thursday, August 25th. Finally, TD Securities upped their target price on shares of Dollarama from C$82.00 to C$86.00 and gave the stock a buy rating in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$86.41.

Dollarama Price Performance

Shares of TSE DOL opened at C$78.92 on Monday. The firm’s 50-day moving average price is C$78.55 and its 200-day moving average price is C$73.77. Dollarama has a 1-year low of C$53.39 and a 1-year high of C$83.44. The firm has a market capitalization of C$23.03 billion and a P/E ratio of 34.31. The company has a current ratio of 0.80, a quick ratio of 0.11 and a debt-to-equity ratio of 18,873.64.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 4th. Shareholders of record on Friday, October 7th will be paid a $0.055 dividend. The ex-dividend date is Thursday, October 6th. This represents a $0.22 annualized dividend and a yield of 0.28%. Dollarama’s dividend payout ratio (DPR) is 8.97%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director Josée Kouri sold 1,800 shares of the stock in a transaction dated Thursday, June 23rd. The shares were sold at an average price of C$74.30, for a total value of C$133,740.00. Following the completion of the sale, the director now owns 6,954 shares in the company, valued at approximately C$516,682.20.

About Dollarama

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Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of January 30, 2022, it operated 1,421 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

Further Reading

Analyst Recommendations for Dollarama (TSE:DOL)

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