Dollarama (TSE:DOL) Price Target Raised to C$154.00 at BMO Capital Markets

Dollarama (TSE:DOL - Free Report) had its price target raised by BMO Capital Markets from C$147.00 to C$154.00 in a research note published on Friday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on the company. Cfra upgraded Dollarama from a "hold" rating to a "buy" rating and boosted their price target for the company from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Wells Fargo & Company cut 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 research note on Thursday, September 12th. Desjardins boosted their price objective on shares of Dollarama from C$143.00 to C$147.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. National Bankshares upped their price objective on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday. Finally, TD Securities raised shares of Dollarama from a "hold" rating to a "buy" rating and lifted their target price for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Dollarama has a consensus rating of "Moderate Buy" and an average target price of C$140.73.

Dollarama Stock Performance

Shares of DOL stock traded down C$1.33 during trading hours on Friday, hitting C$145.51. The stock had a trading volume of 610,900 shares, compared to its average volume of 567,284. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The firm has a market capitalization of C$41.00 billion, a PE ratio of 37.70, a PEG ratio of 1.93 and a beta of 0.56. The stock's 50 day moving average is C$142.45 and its 200 day moving average is C$132.74. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97.

Dollarama (TSE:DOL - Get Free Report) last released its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 EPS 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 the consensus estimate of C$1.57 billion. As a group, research analysts forecast that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were issued a $0.092 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a yield of 0.25%. Dollarama's dividend payout ratio (DPR) is presently 9.59%.

Insider Activity

In related news, Director Nicolas Hien sold 5,167 shares of the business's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. In the last three months, insiders sold 7,697 shares of company stock worth $1,049,979. Company insiders own 2.23% of the company's stock.

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.