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

Dollarama Inc. (TSE:DOL - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$145.55 and last traded at C$144.48, with a volume of 66205 shares. The stock had previously closed at C$144.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DOL shares. TD Securities upgraded Dollarama from a "hold" rating to a "buy" rating and upped their target price for the stock 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 stock a "buy" rating in a research note on Tuesday, October 15th. CIBC upped their target price on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. BMO Capital Markets increased their price objective on Dollarama from C$138.00 to C$147.00 in a research report on Thursday, September 12th. Finally, Cfra upgraded Dollarama from a "hold" rating to a "buy" rating and increased their price objective for the company from C$130.00 to C$155.00 in a research report 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 data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$139.55.

Dollarama Price Performance

The company has a market capitalization of C$40.30 billion, a PE ratio of 37.00, a PEG ratio of 1.93 and a beta of 0.56. The firm has a fifty day moving average of C$135.60 and a two-hundred day moving average of C$126.93. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24.

Dollarama (TSE:DOL - Get Free Report) last issued its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share for the quarter, beating the consensus estimate of C$0.96 by C$0.06. The company had revenue of C$1.56 billion during the quarter, compared to analysts' expectations of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. Research analysts anticipate that Dollarama Inc. will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, November 1st will be issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.26%. The ex-dividend date is Friday, October 4th. Dollarama's dividend payout ratio is presently 9.59%.

Insider Activity at Dollarama

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the stock in a transaction that occurred 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 other Dollarama news, Director John Huw Thomas sold 2,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total value of C$275,450.00. Also, Director Nicolas Hien sold 5,167 shares of the stock in a transaction that occurred 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. Insiders sold 7,697 shares of company stock worth $1,049,979 in the last ninety days. 2.23% of the stock is owned by company insiders.

Dollarama Company Profile

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.