Dollarama (TSE:DOL) Given New C$156.00 Price Target at National Bankshares

Dollarama (TSE:DOL - Free Report) had its price objective increased by National Bankshares from C$149.00 to C$156.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity Group increased their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the company a "hold" rating in a report on Thursday, November 28th. Scotiabank upgraded shares of Dollarama to a "strong-buy" rating in a research report on Monday, January 20th. CIBC lifted their price target on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. National Bank Financial downgraded shares of Dollarama from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Finally, TD Securities lifted their target price on Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$146.25.

Dollarama Price Performance

Shares of TSE DOL traded up C$0.40 during mid-day trading on Thursday, reaching C$148.84. The company's stock had a trading volume of 217,540 shares, compared to its average volume of 721,279. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a 52 week low of C$100.30 and a 52 week high of C$156.25. The stock has a fifty day moving average of C$143.44 and a two-hundred day moving average of C$141.96. The firm has a market capitalization of C$41.13 billion, a PE ratio of 37.91, a P/E/G ratio of 1.93 and a beta of 0.56.

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Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were given a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend was Friday, January 10th. Dollarama's dividend payout ratio is currently 9.42%.

Insider Buying and Selling

In other Dollarama news, Director Nicolas Hien sold 9,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were 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 owned by corporate insiders.

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.