Dollarama Inc. (TSE:DOL) Receives C$141.91 Consensus Target Price from Analysts

Dollarama Inc. (TSE:DOL - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$141.91.

DOL has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. TD Securities raised shares of Dollarama from a "hold" rating to a "buy" rating and increased their price objective for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. National Bankshares boosted their target price on shares of Dollarama from C$143.00 to C$149.00 in a research note on Wednesday, November 20th. Wells Fargo & Company lowered shares of Dollarama from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Finally, Cfra upgraded Dollarama from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$130.00 to C$155.00 in a research note on Thursday, September 12th.

Insiders Place Their Bets

In other news, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Also, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total value of C$275,450.00. Insiders have sold a total of 7,697 shares of company stock worth $1,049,979 in the last ninety days. 2.23% of the stock is owned by corporate insiders.

Dollarama Stock Performance

DOL traded down C$0.01 during midday trading on Wednesday, hitting C$143.79. 500,037 shares of the company were exchanged, compared to its average volume of 573,447. The firm has a market capitalization of C$40.52 billion, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company's 50 day simple moving average is C$142.81 and its 200 day simple moving average is C$133.18. 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 1-year low of C$89.93 and a 1-year high of C$152.97.

Dollarama (TSE:DOL - Get Free Report) last posted its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The firm had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. As a group, sell-side analysts predict that Dollarama will post 5.3295203 earnings per share for the current year.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama's payout ratio is 9.59%.

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.