Dollarama Inc. (TSE:DOL) Receives Consensus Rating of “Hold” from Analysts

Shares of Dollarama Inc. (TSE:DOL) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$109.36.

Several equities analysts recently commented on the stock. BMO Capital Markets increased their price objective on shares of Dollarama from C$105.00 to C$124.00 in a research report on Friday, April 5th. National Bank Financial upgraded shares of Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, March 13th. Royal Bank of Canada increased their price target on shares of Dollarama from C$118.00 to C$125.00 in a report on Friday, April 5th. TD Securities increased their price target on shares of Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a report on Friday, April 5th. Finally, Stifel Nicolaus increased their price target on shares of Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th.

Insider Transactions at Dollarama

In other news, Director Paul Roche sold 707 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total transaction of C$79,100.01. In related news, Director Paul Roche sold 707 shares of Dollarama stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total value of C$79,100.01. Also, Director John Assaly sold 1,336 shares of Dollarama stock in a transaction on Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total transaction of C$150,106.41. Insiders have sold 7,584 shares of company stock valued at $845,523 in the last 90 days. 2.90% of the stock is currently owned by company insiders.

Dollarama Stock Performance

Shares of Dollarama stock opened at C$114.02 on Tuesday. The firm has a market capitalization of C$32.07 billion, a P/E ratio of 34.34, a PEG ratio of 1.93 and a beta of 0.57. The company has a quick ratio of 0.08, a current ratio of 1.51 and a debt-to-equity ratio of 1,477.71. The company has a 50 day moving average price of C$106.01 and a 200 day moving average price of C$100.24. Dollarama has a 52 week low of C$80.81 and a 52 week high of C$114.81.

Dollarama Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a dividend of $0.092 per share. This is a boost from Dollarama’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.32%. Dollarama’s dividend payout ratio (DPR) is presently 8.43%.

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.