Dollarama (TSE:DOL) Price Target Increased to C$132.00 by Analysts at National Bankshares

Dollarama (TSE:DOL) had its target price hoisted by National Bankshares from C$130.00 to C$132.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other equities analysts have also recently issued reports about the stock. Canaccord Genuity Group boosted their target price on shares of Dollarama from C$112.00 to C$125.00 in a research note on Monday, June 10th. National Bank Financial raised Dollarama from a sector perform market weight rating to an outperform market weight rating in a report on Wednesday, March 13th. TD Securities raised their price objective on Dollarama from C$113.00 to C$126.00 and gave the company a hold rating in a report on Tuesday, May 28th. Scotiabank increased their target price on Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Finally, BMO Capital Markets boosted their price target on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an outperform rating in a report on Monday, June 3rd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$125.80.

Dollarama Stock Performance

DOL opened at C$123.85 on Thursday. The firm has a 50 day moving average of C$119.41 and a two-hundred day moving average of C$106.98. The firm has a market capitalization of C$34.52 billion, a PE ratio of 34.79, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a current ratio of 1.93, a quick ratio of 0.08 and a debt-to-equity ratio of 1,137.89. Dollarama has a 12-month low of C$84.19 and a 12-month high of C$129.16.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, topping the consensus estimate of C$0.75 by C$0.02. The company had revenue of C$1.41 billion for the quarter, compared to the consensus estimate of C$1.41 billion. Dollarama had a return on equity of 493.80% and a net margin of 17.22%. On average, analysts anticipate that Dollarama will post 4.5049541 EPS for the current year.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Friday, July 5th will be given a dividend of $0.092 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.37 annualized dividend and a dividend yield of 0.30%. Dollarama’s dividend payout ratio is currently 8.43%.

Insider Activity at Dollarama

In related news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of C$116.30, for a total transaction of C$7,059,410.00. In related news, Senior Officer Geoffrey Peter Robillard sold 60,700 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of C$116.30, for a total value of C$7,059,410.00. Also, Director John Assaly sold 1,336 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total transaction of C$150,106.41. In the last 90 days, insiders have sold 70,775 shares of company stock worth $8,198,939. 2.92% of the stock is currently owned by company insiders.

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.