Joshua Bekenstein Sells 2,284 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director Joshua Bekenstein sold 2,284 shares of the business’s stock in a transaction dated Thursday, January 13th. The shares were sold at an average price of C$63.99, for a total transaction of C$146,150.88. Following the completion of the sale, the director now directly owns 24,716 shares of the company’s stock, valued at approximately C$1,581,552.12.

DOL stock opened at C$63.00 on Friday. The company has a market cap of C$18.76 billion and a PE ratio of 31.33. The business has a 50-day simple moving average of C$59.81 and a 200 day simple moving average of C$58.07. Dollarama Inc. has a 52 week low of C$46.56 and a 52 week high of C$64.49. The company has a quick ratio of 0.22, a current ratio of 1.32 and a debt-to-equity ratio of 18,873.64.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 4th. Investors of record on Friday, January 7th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Thursday, January 6th. Dollarama’s dividend payout ratio (DPR) is presently 9.84%.

A number of brokerages have recently issued reports on DOL. BMO Capital Markets boosted their target price on shares of Dollarama from C$59.00 to C$61.00 in a research report on Thursday, December 9th. TD Securities boosted their target price on shares of Dollarama from C$68.00 to C$72.00 and gave the company a “buy” rating in a research report on Thursday, December 9th. Scotiabank boosted their target price on shares of Dollarama from C$64.00 to C$66.00 in a research report on Thursday, December 9th. CIBC boosted their target price on shares of Dollarama from C$59.00 to C$60.00 and gave the company a “neutral” rating in a research report on Thursday, December 9th. Finally, Desjardins raised shares of Dollarama to a “buy” rating and set a C$72.00 target price for the company in a research report on Monday, December 20th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$65.60.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of January 31, 2021, it operated 1,355 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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Insider Buying and Selling by Quarter for Dollarama (TSE:DOL)

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