Mark Di Pesa Sells 1,350 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL - Get Free Report) Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45.

Dollarama Price Performance

Shares of TSE DOL traded down C$0.82 during trading hours on Friday, reaching C$170.99. 447,345 shares of the stock traded hands, compared to its average volume of 781,644. The company has a market capitalization of C$47.25 billion, a P/E ratio of 43.55, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. Dollarama Inc. has a 52-week low of C$113.58 and a 52-week high of C$174.75. The company's 50-day simple moving average is C$154.67 and its two-hundred day simple moving average is C$146.47.

Dollarama Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 9th will be issued a dividend of $0.1058 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.25%. This is a boost from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Thursday, April 17th. Dollarama's dividend payout ratio (DPR) is currently 9.42%.

Analyst Ratings Changes

Several research analysts have commented on the company. Desjardins raised their target price on Dollarama from C$150.00 to C$160.00 and gave the stock a "buy" rating in a research note on Wednesday, April 2nd. Jefferies Financial Group set a C$180.00 target price on Dollarama and gave the stock a "buy" rating in a research note on Thursday, April 10th. Royal Bank of Canada raised their target price on Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Scotiabank raised their target price on Dollarama from C$150.00 to C$175.00 in a research note on Friday, April 4th. Finally, UBS Group raised their target price on Dollarama from C$147.00 to C$165.00 in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$164.50.

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.

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