Dollarama Inc. (TSE:DOL) Director Paul Roche Sells 707 Shares

Dollarama Inc. (TSE:DOL) Director Paul Roche sold 707 shares of Dollarama stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total value of C$79,100.01.

Dollarama Stock Down 0.8 %

DOL stock opened at C$112.05 on Friday. The stock’s fifty day simple moving average is C$104.45 and its two-hundred day simple moving average is C$99.34. The company has a current ratio of 1.51, a quick ratio of 0.08 and a debt-to-equity ratio of 1,477.71. Dollarama Inc. has a 1-year low of C$80.81 and a 1-year high of C$114.81. The stock has a market cap of C$31.51 billion, a P/E ratio of 33.75, 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. Shareholders of record on Friday, April 19th will be given a $0.092 dividend. The ex-dividend date is Thursday, April 18th. This represents a $0.37 annualized dividend and a yield of 0.33%. This is a boost from Dollarama’s previous quarterly dividend of $0.07. Dollarama’s payout ratio is currently 8.43%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DOL. National Bank Financial upgraded Dollarama from a “sector perform market weight” rating to an “outperform market weight” rating in a report on Wednesday, March 13th. Stifel Nicolaus boosted their price objective on Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. BMO Capital Markets boosted their price objective on Dollarama from C$105.00 to C$124.00 in a report on Friday, April 5th. TD Securities boosted their price objective on Dollarama from C$106.00 to C$113.00 and gave the company a “hold” rating in a report on Friday, April 5th. Finally, National Bankshares boosted their price objective on Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$109.36.

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.