Paul Roche Sells 5,541 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director Paul Roche sold 5,541 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total value of C$616,316.56.

Paul Roche also recently made the following trade(s):

• On Tuesday, April 9th, Paul Roche sold 707 shares of Dollarama stock. The stock was sold at an average price of C$111.88, for a total value of C$79,100.01.

Dollarama Price Performance

Shares of TSE DOL opened at C$112.80 on Friday. The stock’s 50-day simple moving average is C$105.75 and its two-hundred day simple moving average is C$100.06. Dollarama Inc. has a twelve month low of C$80.81 and a twelve month high of C$114.81. The firm has a market capitalization of C$31.72 billion, a P/E ratio of 33.98, a P/E/G ratio of 1.93 and a beta of 0.57. The company has a quick ratio of 0.08, a current ratio of 1.51 and a debt-to-equity ratio of 1,477.71.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be issued a dividend of $0.092 per share. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. Dollarama’s payout ratio is presently 8.43%.

Wall Street Analysts Forecast Growth

DOL has been the subject of a number of research reports. National Bankshares increased their target price on shares of Dollarama from C$112.00 to C$120.00 in a research report on Friday, April 5th. Royal Bank of Canada boosted their target price on shares of Dollarama from C$118.00 to C$125.00 in a report on Friday, April 5th. TD Securities raised their price target on Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a report on Friday, April 5th. BMO Capital Markets boosted their price objective on Dollarama from C$105.00 to C$124.00 in a research note on Friday, April 5th. Finally, Canaccord Genuity Group raised their target price on Dollarama from C$98.00 to C$100.00 in a research note on Monday, April 1st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of C$109.36.

About Dollarama

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.