Dollarama Inc. (TSE:DOL) Director John Assaly Sells 1,336 Shares

Dollarama Inc. (TSE:DOL) Director John Assaly sold 1,336 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total value of C$150,106.41.

Dollarama Trading Down 0.1 %

Shares of DOL stock traded down C$0.13 during mid-day trading on Friday, hitting C$112.80. The company’s stock had a trading volume of 346,394 shares, compared to its average volume of 489,447. The company’s fifty day simple moving average is C$105.51 and its 200-day simple moving average is C$99.87. Dollarama Inc. has a 52 week low of C$80.81 and a 52 week high of C$114.81. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51. The company has a market cap of C$31.72 billion, a PE ratio of 33.98, a P/E/G ratio of 1.93 and a beta of 0.57.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be given a $0.092 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. Dollarama’s dividend payout ratio (DPR) is 8.43%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. CIBC raised their price objective on Dollarama from C$99.00 to C$115.00 in a report on Friday, April 5th. National Bank Financial raised Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, March 13th. TD Securities raised their target price on Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Scotiabank raised their target price on Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Finally, Canaccord Genuity Group raised their target price on Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Dollarama has a consensus rating of “Hold” and a consensus price target of C$109.36.

Dollarama Company Profile

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.