Dollarama (TSE:DOL) Price Target Raised to C$207.00 at Royal Bank of Canada

Dollarama (TSE:DOL) had its price objective lifted by Royal Bank of Canada from C$190.00 to C$207.00 in a report published on Thursday morning,BayStreet.CA reports.

A number of other brokerages have also recently issued reports on DOL. National Bank Financial raised Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. UBS Group lifted their price target on Dollarama from C$165.00 to C$196.00 in a research note on Thursday. Scotiabank increased their price objective on Dollarama from C$175.00 to C$210.00 in a research note on Thursday. TD Securities raised 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. Finally, National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$186.36.

Dollarama Price Performance

Shares of Dollarama stock opened at C$193.94 on Thursday. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a 52-week low of C$119.88 and a 52-week high of C$196.46. The company has a fifty day moving average of C$170.22 and a 200-day moving average of C$152.90. The stock has a market capitalization of C$53.59 billion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

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

Insider Transactions 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 stock was 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 Dollarama stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of C$173.51, for a total value of C$234,234.45. Corporate insiders own 2.23% of the company’s stock.

About Dollarama

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.