Dollarama (TSE:DOL) Reaches New 52-Week High at $137.97

Dollarama Inc. (TSE:DOL)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as C$137.97 and last traded at C$136.52, with a volume of 263205 shares traded. The stock had previously closed at C$136.76.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DOL shares. Canaccord Genuity Group upped their price target on Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. Stifel Nicolaus upped their price objective on Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. National Bankshares upped their price objective on Dollarama from C$141.00 to C$143.00 in a research report on Thursday, September 12th. TD Securities raised Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Finally, Cfra raised Dollarama from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dollarama has an average rating of “Moderate Buy” and an average price target of C$139.18.

Dollarama Stock Performance

The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The stock has a fifty day moving average of C$132.07 and a 200-day moving average of C$122.83. The stock has a market cap of C$38.62 billion, a PE ratio of 35.43, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be issued a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama’s dividend payout ratio is presently 9.59%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of Dollarama stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total value of C$130,172.00. Following the sale, the insider now owns 530 shares of the company’s stock, valued at approximately C$68,991.16. In other news, Senior Officer Mark Di Pesa sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the sale, the insider now owns 530 shares of the company’s stock, valued at approximately C$68,991.16. Also, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04. In the last 90 days, insiders have sold 13,369 shares of company stock valued at $1,750,712. 2.23% of the stock is owned by corporate insiders.

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.