Scotiabank Cuts Dollarama (TSE:DOL) Price Target to C$205.00

Dollarama (TSE:DOL) had its target price trimmed by Scotiabank from C$210.00 to C$205.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on DOL. CIBC reduced their price target on shares of Dollarama from C$204.00 to C$199.00 and set a “neutral” rating for the company in a report on Thursday. TD Securities upped their price target on shares of Dollarama from C$185.00 to C$210.00 and gave the company a “buy” rating in a report on Thursday, June 12th. BMO Capital Markets upped their price target on shares of Dollarama from C$170.00 to C$215.00 in a report on Thursday, June 12th. Stifel Nicolaus upped their price target on shares of Dollarama from C$162.50 to C$190.00 in a report on Thursday, June 12th. Finally, Jefferies Financial Group upped their price target on shares of Dollarama from C$180.00 to C$223.00 in a report on Thursday, June 12th. One investment 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. According to MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average price target of C$191.29.

Dollarama Stock Up 1.2%

Shares of TSE:DOL opened at C$187.26 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 market capitalization of C$51.90 billion, a PE ratio of 42.85, a PEG ratio of 1.93 and a beta of 0.15. The company has a 50 day moving average price of C$190.56 and a two-hundred day moving average price of C$172.66.

Dollarama Announces Dividend

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

Insider Buying and Selling at Dollarama

In related news, Director Nicolas Hien sold 4,131 shares of the stock in a transaction on 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 the company’s stock in a transaction on Thursday, June 19th. The stock was 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. This trade represents a 90.33% decrease in their ownership of the stock. Corporate 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.