Dollarama Inc. (TSE:DOL) Given Average Rating of “Moderate Buy” by Brokerages

Dollarama Inc. (TSE:DOL) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$164.50.

A number of equities analysts have recently commented on the stock. Stifel Nicolaus increased their price objective on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday, April 4th. Jefferies Financial Group set a C$180.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a research note on Thursday, April 10th. Scotiabank increased their price objective on shares of Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. UBS Group increased their price objective on shares of Dollarama from C$147.00 to C$165.00 in a research note on Friday, April 4th. Finally, Canaccord Genuity Group increased their price objective on shares of Dollarama from C$146.00 to C$168.00 in a research note on Friday, April 4th.

Insider Buying and Selling at Dollarama

In other news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the firm’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total transaction of C$234,234.45. Insiders own 2.23% of the company’s stock.

Dollarama Price Performance

Shares of TSE DOL opened at C$171.48 on Wednesday. The company has a fifty day moving average price of C$161.55 and a 200 day moving average price of C$149.44. Dollarama has a 1-year low of C$119.75 and a 1-year high of C$174.75. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. The firm has a market cap of C$47.39 billion, a PE ratio of 43.67, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were issued a $0.1058 dividend. This is a boost from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Thursday, April 17th. Dollarama’s dividend payout ratio is currently 9.42%.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.