Dollarama (TSE:DOL) Given a C$205.00 Price Target at Desjardins

Desjardins set a C$205.00 price target on Dollarama (TSE:DOL) in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on DOL. UBS Group upped their price objective on shares of Dollarama from C$165.00 to C$196.00 in a research report on Thursday, June 12th. Canaccord Genuity Group raised their price objective on shares of Dollarama from C$168.00 to C$178.00 in a report on Thursday, June 5th. Royal Bank Of Canada increased their target price on shares of Dollarama from C$190.00 to C$207.00 in a research note on Thursday, June 12th. TD Securities increased their target price on shares of Dollarama from C$185.00 to C$210.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Finally, Scotiabank raised their price objective on shares of Dollarama from C$175.00 to C$210.00 in a research report on Thursday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$187.79.

Dollarama Trading Up 1.0%

Shares of DOL stock opened at C$197.02 on Thursday. Dollarama has a 52-week low of C$124.99 and a 52-week high of C$198.66. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The company has a 50-day simple moving average of C$190.81 and a two-hundred day simple moving average of C$170.36. The company has a market capitalization of C$54.45 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, August 8th were paid a dividend of $0.1058 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. Dollarama’s payout ratio is presently 9.42%.

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 4,131 shares of Dollarama stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$192.31, for a total transaction of C$794,433.02. Also, Director John Assaly sold 9,089 shares of Dollarama stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of C$189.28, for a total transaction of C$1,720,392.28. Following the sale, the director directly owned 973 shares in the company, valued at C$184,172.26. The trade was a 90.33% decrease in their position. 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.