Dollarama Inc. (TSE:DOL) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$163.31.

A number of analysts have commented on DOL shares. Canaccord Genuity Group boosted their price target on shares of Dollarama from C$146.00 to C$168.00 in a research note on Friday. Royal Bank of Canada boosted their target price on shares of Dollarama from C$149.00 to C$183.00 in a research report on Friday. TD Securities raised their price target on shares of Dollarama from C$160.00 to C$185.00 and gave the company a "buy" rating in a research report on Friday. Desjardins boosted their price objective on Dollarama from C$150.00 to C$160.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Scotiabank raised their target price on Dollarama from C$150.00 to C$175.00 in a report on Friday.

Dollarama Stock Down 3.7 %

Dollarama stock traded down C$5.92 during midday trading on Tuesday, reaching C$154.03. The stock had a trading volume of 1,197,557 shares, compared to its average volume of 768,718. The company has a fifty day moving average price of C$146.75 and a two-hundred day moving average price of C$143.40. The company has a market capitalization of C$42.57 billion, a P/E ratio of 39.23, a PEG ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36. Dollarama has a 12 month low of C$107.80 and a 12 month high of C$174.22.

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Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 9th will be given a dividend of $0.1058 per share. The ex-dividend date of this dividend is Friday, April 18th. This represents a $0.42 annualized dividend and a yield of 0.27%. This is a positive change from Dollarama's previous quarterly dividend of $0.09. Dollarama's dividend payout ratio is presently 9.42%.

Insiders Place Their Bets

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the firm's stock in a transaction 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. 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.