Dollarama (TSE:DOL) Reaches New 1-Year High - Here's What Happened

Dollarama Inc. (TSE:DOL - Get Free Report) shares reached a new 52-week high on Friday . The stock traded as high as C$149.62 and last traded at C$146.10, with a volume of 161505 shares traded. The stock had previously closed at C$144.89.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank of Canada upped their price target on shares of Dollarama from C$144.00 to C$147.00 in a research report on Thursday, September 12th. BMO Capital Markets raised their price target on Dollarama from C$138.00 to C$147.00 in a research report on Thursday, September 12th. Stifel Nicolaus upped their target price on Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. National Bankshares raised their price target on shares of Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. Finally, 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 report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$139.55.

Dollarama Price Performance

The company's 50-day moving average price is C$138.02 and its 200-day moving average price is C$129.21. The firm has a market cap of C$41.28 billion, a price-to-earnings ratio of 37.95, a PEG ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

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

Dollarama Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, November 1st will be paid a $0.092 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.37 annualized dividend and a yield of 0.25%. Dollarama's dividend payout ratio is presently 9.59%.

Insider Activity

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

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.