Dollarama Inc. (TSE:DOL) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have earned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$145.17.

Several analysts have issued reports on DOL shares. National Bankshares cut Dollarama from an "outperform" rating to a "sector perform" rating in a research report on Thursday, December 5th. TD Securities raised their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Royal Bank of Canada reduced their price objective on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. CIBC raised their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Finally, Canaccord Genuity Group upped their price target on Dollarama from C$138.00 to C$140.00 and gave the stock a "hold" rating in a research report on Thursday, November 28th.

Insider Buying and Selling

In other Dollarama news, Director Stephen Gunn sold 54,950 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of Dollarama stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is currently owned by insiders.

Dollarama Trading Up 1.4 %

DOL traded up C$1.92 during trading on Monday, hitting C$140.09. 569,782 shares of the stock were exchanged, compared to its average volume of 668,829. Dollarama has a 1 year low of C$100.01 and a 1 year high of C$152.97. The firm has a market cap of C$38.71 billion, a price-to-earnings ratio of 35.68, a P/E/G ratio of 1.93 and a beta of 0.56. The firm has a 50 day simple moving average of C$139.40 and a 200 day simple moving average of C$139.02. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, February 7th were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, January 10th. Dollarama's dividend payout ratio (DPR) is 9.42%.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.