Dollarama Inc. (TSE:DOL – Get Free Report) has been given an average recommendation of “Hold” by the ten brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$109.36.
Several equities analysts have weighed in on DOL shares. TD Securities lifted their target price on Dollarama from C$106.00 to C$113.00 and gave the company a “hold” rating in a research note on Friday, April 5th. Canaccord Genuity Group lifted their target price on Dollarama from C$98.00 to C$100.00 in a research note on Monday, April 1st. Scotiabank boosted their price target on Dollarama from C$107.00 to C$113.00 in a research note on Friday, April 5th. National Bankshares boosted their price target on Dollarama from C$112.00 to C$120.00 in a research note on Friday, April 5th. Finally, Royal Bank of Canada boosted their price target on Dollarama from C$118.00 to C$125.00 in a research note on Friday, April 5th.
Get Our Latest Analysis on DOL
Dollarama Trading Up 0.5 %
Dollarama Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, May 3rd will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.33%. Dollarama’s payout ratio is 8.43%.
Insider Transactions at Dollarama
In other news, Director Paul Roche sold 707 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total transaction of C$79,100.01. Corporate insiders own 2.90% of the company’s stock.
Dollarama Company Profile
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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