Dollarama (TSE:DOL) Given New C$196.00 Price Target at UBS Group

Dollarama (TSE:DOL) had its target price hoisted by UBS Group from C$165.00 to C$196.00 in a research report report published on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on DOL. Scotiabank upped their price target on shares of Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. TD Securities lifted their target price on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a report on Friday, April 4th. Royal Bank of Canada upped their target price on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Desjardins raised their price target on shares of Dollarama from C$165.00 to C$185.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on shares of Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$186.36.

Dollarama Stock Up 0.5%

DOL stock opened at C$193.94 on Thursday. The business has a 50 day moving average of C$170.22 and a 200 day moving average of C$152.90. The firm has a market cap of C$53.59 billion, a PE ratio of 49.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a twelve month low of C$119.88 and a twelve month high of C$196.46. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The company also recently announced 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 an increase from Dollarama’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a yield of 0.22%. Dollarama’s dividend payout ratio is currently 9.42%.

Insiders Place Their Bets

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

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.