Dollarama (TSE:DOL) Hits New 12-Month High – Here’s What Happened

Dollarama Inc. (TSE:DOL) reached a new 52-week high on Monday. The stock traded as high as C$210.40 and last traded at C$209.59, with a volume of 50,096 shares changing hands. The stock had previously closed at C$207.50.

Analyst Ratings Changes

A number of brokerages have issued reports on DOL. Ventum Capital upped their target price on Dollarama from C$225.00 to C$231.00 and gave the stock a “buy” rating in a report on Wednesday, October 21st. UBS Group cut their price target on Dollarama from C$202.00 to C$190.00 in a research note on Monday, September 14th. National Bank Financial boosted their price target on Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Ventum Financial set a C$225.00 price objective on Dollarama and gave the company a “buy” rating in a research note on Tuesday, September 8th. Finally, Desjardins lowered their price objective on Dollarama from C$215.00 to C$210.00 and set a “buy” rating for the company in a research note on Thursday, September 17th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$216.06.

Dollarama Stock Up 2.2%

The firm has a market capitalization of C$56.92 billion, a price-to-earnings ratio of 42.59, a P/E/G ratio of 1.93 and a beta of 0.34. The company has a debt-to-equity ratio of 399.63, a current ratio of 1.55 and a quick ratio of 0.08. The stock has a fifty day moving average of C$186.23 and a two-hundred day moving average of C$185.26.

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

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Investors of record on Friday, November 6th will be issued a $0.12 dividend. The ex-dividend date is Friday, October 9th. This represents a $0.48 annualized dividend and a yield of 0.2%. Dollarama’s dividend payout ratio is presently 9.07%.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.