Dollarama (TSE:DOL) Price Target Raised to C$98.00 at Royal Bank of Canada

Dollarama (TSE:DOL – Get Rating) had its price objective hoisted by Royal Bank of Canada from C$95.00 to C$98.00 in a report published on Thursday, BayStreet.CA reports. They currently have an outperform rating on the stock.

DOL has been the subject of several other research reports. CIBC upped their target price on shares of Dollarama from C$84.00 to C$89.00 in a report on Thursday, March 30th. Desjardins reiterated a buy rating on shares of Dollarama in a research report on Wednesday, March 29th. Finally, National Bankshares lifted their target price on Dollarama from C$92.00 to C$93.00 and gave the company an outperform rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of C$90.00.

Dollarama Stock Up 0.3 %

DOL stock opened at C$82.19 on Thursday. The business’s 50-day moving average price is C$82.35 and its 200-day moving average price is C$80.76. The stock has a market cap of C$23.38 billion, a P/E ratio of 29.89, a PEG ratio of 1.93 and a beta of 0.73. The company has a quick ratio of 0.08, a current ratio of 1.00 and a debt-to-equity ratio of 14,849.75. Dollarama has a twelve month low of C$68.87 and a twelve month high of C$85.88.

Dollarama (TSE:DOL – Get Rating) last released its earnings results on Wednesday, March 29th. The company reported C$0.91 EPS for the quarter, topping analysts’ consensus estimates of C$0.83 by C$0.08. The company had revenue of C$1.47 billion for the quarter, compared to analysts’ expectations of C$1.36 billion. Dollarama had a net margin of 15.87% and a return on equity of 2,563.29%. On average, equities research analysts forecast that Dollarama will post 3.660026 EPS for the current year.

Dollarama Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 5th. Stockholders of record on Friday, May 5th were issued a dividend of $0.071 per share. This represents a $0.28 annualized dividend and a dividend yield of 0.35%. This is a boost from Dollarama’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, April 13th. Dollarama’s dividend payout ratio is 10.18%.

Insider Activity

In related news, Senior Officer Johanne Choinière sold 8,482 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of C$80.63, for a total transaction of C$683,862.10. Corporate insiders own 3.97% of the company’s stock.

About Dollarama

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Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of July 31, 2022, it operated 1,444 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.