Dollarama (TSE:DOL) Given New C$215.00 Price Target at BMO Capital Markets

Dollarama (TSE:DOL) had its price target increased by BMO Capital Markets from C$170.00 to C$215.00 in a report issued on Thursday,BayStreet.CA reports.

Several other analysts also recently issued reports on DOL. Canaccord Genuity Group upped their price target on Dollarama from C$168.00 to C$178.00 in a research note on Thursday, June 5th. Desjardins boosted their target price on Dollarama from C$165.00 to C$185.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank of Canada increased their price target on Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$156.00 to C$166.00 in a research report on Friday, March 28th. Finally, Jefferies Financial Group set a C$180.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Stock Up 0.5%

DOL stock opened at C$193.94 on Thursday. The firm has a market cap of C$53.59 billion, a PE ratio of 49.40, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 1 year low of C$119.88 and a 1 year high of C$196.46. The company has a fifty day simple moving average of C$170.22 and a 200 day simple moving average of C$152.90. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were given a dividend of $0.1058 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.22%. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio is currently 9.42%.

Insider Buying and Selling

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company’s stock in a transaction dated 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. Also, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total transaction of C$234,234.45. 2.23% of the stock is owned by company insiders.

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.