Dollarama (TSE:DOL) Price Target Raised to C$162.00 at Stifel Nicolaus

Dollarama (TSE:DOL - Free Report) had its target price raised by Stifel Nicolaus from C$140.00 to C$162.00 in a report issued on Friday morning,BayStreet.CA reports.

DOL has been the topic of several other reports. National Bank Financial raised Dollarama from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 27th. TD Securities raised their target price on Dollarama from C$154.00 to C$160.00 in a research report on Thursday, December 5th. UBS Group upped their price target on shares of Dollarama from C$147.00 to C$165.00 in a research report on Friday, April 4th. National Bankshares upgraded shares of Dollarama from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Finally, Canaccord Genuity Group boosted their target price on shares of Dollarama from C$140.00 to C$146.00 and gave the company a "hold" rating in a research report on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$163.31.

Dollarama Stock Performance

Shares of DOL traded up C$2.07 during mid-day trading on Friday, hitting C$151.95. 807,855 shares of the company traded hands, compared to its average volume of 774,376. Dollarama has a 1 year low of C$107.80 and a 1 year high of C$174.22. 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 stock has a 50-day moving average price of C$147.31 and a two-hundred day moving average price of C$143.77. The stock has a market cap of C$41.99 billion, a price-to-earnings ratio of 38.70, a P/E/G ratio of 1.93 and a beta of 0.56.

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Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, May 9th will be paid a dividend of $0.1058 per share. This is a boost from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date is Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.28%. Dollarama's payout ratio is 9.42%.

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.