Dollarama Inc. (TSE:DOL) Given Consensus Recommendation of "Hold" by Analysts

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) have earned a consensus rating of "Hold" from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$145.17.

Several analysts have weighed in on DOL shares. TD Securities increased their target price on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. National Bankshares cut shares of Dollarama from an "outperform" rating to a "sector perform" rating in a report on Thursday, December 5th. Desjardins lifted their target price on Dollarama from C$147.00 to C$150.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Wells Fargo & Company downgraded Dollarama from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Finally, UBS Group set a C$147.00 price objective on Dollarama and gave the stock a "neutral" rating in a research note on Friday, December 13th.

Dollarama Stock Down 0.1 %

TSE DOL traded down C$0.18 during trading hours on Friday, reaching C$138.51. 1,791,572 shares of the company traded hands, compared to its average volume of 594,659. The stock has a market capitalization of C$39.03 billion, a PE ratio of 35.88, a PEG ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. Dollarama has a 12 month low of C$92.21 and a 12 month high of C$152.97. The company has a 50 day moving average of C$144.57 and a two-hundred day moving average of C$135.57.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were paid a $0.092 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. Dollarama's dividend payout ratio is currently 9.59%.

Insiders Place Their Bets

In other news, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director John Huw Thomas sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders sold a total of 57,480 shares of company stock worth $8,130,761 over the last ninety days. 2.23% of the stock is currently owned by company insiders.

About Dollarama

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.