Dollarama (TSE:DOL) Hits New 12-Month High - Still a Buy?

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as C$153.15 and last traded at C$152.07, with a volume of 286703 shares. The stock had previously closed at C$150.78.

Wall Street Analysts Forecast Growth

DOL has been the subject of several research reports. CIBC raised their price objective on shares of Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Royal Bank of Canada reduced their price target on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. UBS Group set a C$147.00 target price on Dollarama and gave the stock a "neutral" rating in a report on Friday, December 13th. BMO Capital Markets upped their price target on shares of Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Finally, National Bankshares cut shares of Dollarama from an "outperform" rating to a "sector perform" rating in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Dollarama presently has a consensus rating of "Moderate Buy" and a consensus price target of C$145.17.

Dollarama Stock Down 1.7 %

The company has a market capitalization of C$42.13 billion, a P/E ratio of 38.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. The firm's fifty day moving average is C$141.34 and its 200-day moving average is C$140.91.

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Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were paid a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date was Friday, January 10th. Dollarama's payout ratio is 9.42%.

Insider Activity

In related news, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. 2.23% of the stock is currently owned by 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.