CIBC Cuts Dollarama (TSE:DOL) Price Target to C$199.00

Dollarama (TSE:DOL) had its target price decreased by CIBC from C$204.00 to C$199.00 in a report released on Thursday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other brokerages have also issued reports on DOL. Desjardins set a C$205.00 target price on shares of Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st. Royal Bank Of Canada lifted their target price on shares of Dollarama from C$207.00 to C$212.00 and gave the company an “outperform” rating in a research note on Tuesday, August 26th. Stifel Nicolaus lifted their target price on shares of Dollarama from C$162.50 to C$190.00 in a research note on Thursday, June 12th. Jefferies Financial Group lifted their target price on shares of Dollarama from C$180.00 to C$223.00 in a research note on Thursday, June 12th. Finally, BMO Capital Markets lifted their target price on shares of Dollarama from C$170.00 to C$215.00 in a research note on Thursday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and an average price target of C$191.29.

Dollarama Trading Up 1.2%

Shares of TSE:DOL opened at C$187.26 on Thursday. The firm has a fifty day moving average of C$190.56 and a two-hundred day moving average of C$172.66. The firm has a market capitalization of C$51.90 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 1.93 and a beta of 0.15. Dollarama has a 12-month low of C$124.99 and a 12-month high of C$198.66. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, August 8th were issued a $0.1058 dividend. This represents a $0.42 annualized dividend and a yield of 0.2%. The ex-dividend date was Friday, July 11th. Dollarama’s dividend payout ratio (DPR) is 8.74%.

Insider Buying and Selling at Dollarama

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