Stifel Nicolaus Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its target price boosted by Stifel Nicolaus from C$162.50 to C$190.00 in a report released on Thursday,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. Royal Bank of Canada lifted their price objective on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. CIBC raised their target price on Dollarama from C$145.00 to C$174.00 in a report on Friday, April 4th. Desjardins boosted their price target on shares of Dollarama from C$165.00 to C$185.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Securities increased their price target on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Finally, National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and raised their price objective for the company 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 given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Stock Up 0.5%

Shares of TSE DOL opened at C$193.94 on Thursday. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The business’s 50 day moving average is C$170.22 and its two-hundred day 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. The firm has a market cap of C$53.59 billion, a price-to-earnings ratio of 49.40, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

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

Insider Buying and Selling at Dollarama

In other news, 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 value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the firm’s stock in a transaction dated 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. 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.