Dollarama (TSE:DOL) Price Target Raised to C$204.00 at CIBC

Dollarama (TSE:DOL) had its price target upped by CIBC from C$174.00 to C$204.00 in a research note published on Thursday,BayStreet.CA reports.

Several other research analysts have also commented on DOL. National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 27th. TD Securities increased their target price on Dollarama from C$160.00 to C$185.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Canaccord Genuity Group raised their target price on Dollarama from C$168.00 to C$178.00 in a report on Thursday, June 5th. Stifel Nicolaus upped their price target on Dollarama from C$162.50 to C$190.00 in a report on Thursday. Finally, Jefferies Financial Group set a C$180.00 price objective on shares of Dollarama and gave the company a “buy” rating in a research report on Thursday, April 10th. Six 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$186.36.

Dollarama Stock Performance

Shares of DOL stock opened at C$193.94 on Thursday. 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 company has a market cap of C$53.59 billion, a PE ratio of 49.40, a P/E/G ratio of 1.93 and a beta of 0.56. The company’s fifty day simple moving average is C$170.22 and its 200-day simple moving average is C$152.90. Dollarama has a 52 week low of C$119.88 and a 52 week high of C$196.46.

Dollarama Increases Dividend

The business also recently declared 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 an increase from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio (DPR) is presently 9.42%.

Insider Buying and Selling

In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was 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 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 value of C$234,234.45. 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.