Dollarama (TSE:DOL) Reaches New 12-Month High - Should You Buy?

Dollarama Inc. (TSE:DOL - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The stock traded as high as C$152.74 and last traded at C$152.63, with a volume of 33836 shares traded. The stock had previously closed at C$151.00.

Analyst Ratings Changes

A number of research firms recently issued reports on DOL. Stifel Nicolaus upped their target price on Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. TD Securities raised Dollarama from a "hold" rating to a "buy" rating and upped their target price for the company from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Desjardins upped their target price on Dollarama from C$143.00 to C$147.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their target price on Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. Finally, Wells Fargo & Company lowered Dollarama from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Dollarama currently has an average rating of "Moderate Buy" and a consensus price target of C$139.55.

Dollarama Trading Down 1.3 %

The firm has a market capitalization of C$41.99 billion, a price-to-earnings ratio of 38.61, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The business has a fifty day moving average price of C$139.71 and a 200 day moving average price of C$130.87.

Dollarama (TSE:DOL - Get Free Report) last released its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, topping analysts' consensus estimates of C$0.96 by C$0.06. The business had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. As a group, equities analysts forecast that Dollarama Inc. will post 5.3295203 earnings per share for the current year.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.25%. Dollarama's payout ratio is 9.59%.

Insider Transactions at Dollarama

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

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.