Insider Selling: Dollarama Inc. (TSE:DOL) Director Sells 1,339 Shares of Stock

Dollarama Inc. (TSE:DOL) Director John Assaly sold 1,339 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of C$114.55, for a total transaction of C$153,378.30.

John Assaly also recently made the following trade(s):

• On Thursday, April 18th, John Assaly sold 1,336 shares of Dollarama stock. The stock was sold at an average price of C$112.36, for a total value of C$150,106.41.

Dollarama Price Performance

DOL stock opened at C$115.62 on Friday. The firm has a 50 day moving average of C$107.06 and a 200-day moving average of C$100.75. The company has a market cap of C$32.52 billion, a price-to-earnings ratio of 34.83, a PEG ratio of 1.93 and a beta of 0.57. The company has a current ratio of 1.51, a quick ratio of 0.08 and a debt-to-equity ratio of 1,477.71. Dollarama Inc. has a 12-month low of C$80.81 and a 12-month high of C$117.18.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.092 dividend. This is an increase from Dollarama’s previous quarterly dividend of $0.07. This represents a $0.37 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, April 18th. Dollarama’s dividend payout ratio is currently 8.43%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Dollarama from C$98.00 to C$100.00 in a report on Monday, April 1st. CIBC lifted their target price on Dollarama from C$99.00 to C$115.00 in a research report on Friday, April 5th. National Bank Financial raised Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Wednesday, March 13th. Wells Fargo & Company cut their price objective on Dollarama from C$110.00 to C$105.00 in a research report on Thursday, January 4th. Finally, Royal Bank of Canada upped their target price on shares of Dollarama from C$118.00 to C$125.00 in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$109.36.

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.