Dollarama (TSE:DOL) Sets New 1-Year High – What’s Next?

Shares of Dollarama Inc. (TSE:DOL) hit a new 52-week high during trading on Friday. The company traded as high as C$222.22 and last traded at C$221.44, with a volume of 24,577 shares. The stock had previously closed at C$220.42.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DOL. Ventum Capital lifted their price target on shares of Dollarama from C$225.00 to C$231.00 and gave the company a “buy” rating in a report on Wednesday, October 21st. UBS Group decreased their price objective on shares of Dollarama from C$202.00 to C$190.00 in a report on Monday, September 14th. TD dropped their target price on shares of Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a research report on Thursday, September 17th. National Bank Financial lifted their target price on shares of Dollarama from C$209.00 to C$210.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Finally, Royal Bank Of Canada boosted their price target on shares of Dollarama from C$223.00 to C$225.00 and gave the company an “outperform” rating in a research report on Thursday, September 17th. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$216.06.

Dollarama Stock Performance

The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. The business’s 50-day moving average is C$192.97 and its 200-day moving average is C$186.20. The company has a market capitalization of C$59.70 billion, a PE ratio of 44.67, a PEG ratio of 1.93 and a beta of 0.38.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. Dollarama had a net margin of 17.32% and a return on equity of 97.52%. The business had revenue of C$2.03 billion for the quarter. On average, research analysts anticipate that Dollarama Inc. will post 5.33 earnings per share for the current year.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Investors of record on Friday, November 6th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, October 9th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. Dollarama’s dividend payout ratio (DPR) is presently 9.07%.

Insider Transactions at Dollarama

In other Dollarama news, insider Mark Di Pesa sold 6,095 shares of the company’s stock in a transaction that occurred on Thursday, October 29th. The shares were sold at an average price of C$205.93, for a total transaction of C$1,255,143.35. Following the completion of the sale, the insider directly owned 1,561 shares of the company’s stock, valued at approximately C$321,456.73. This represents a 79.61% decrease in their ownership of the stock. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Founded in 1992 and headquartered in Montreal, Quebec, Canada, Dollarama (TSX: DOL) is a leading Canadian value retailer with international reach with more than 2,900 conveniently located stores and over 43,000 people serving customers in seven countries on three continents. In every market where it operates, Dollarama aims to provide compelling value at select low fixed price points and convenient access to a wide assortment of affordable everyday and seasonal merchandise that appeals to a broad customer base.