Dollarama (TSE:DOL) Given New C$190.00 Price Target at Stifel Nicolaus

Dollarama (TSE:DOL) had its price target upped by Stifel Nicolaus from C$162.50 to C$190.00 in a report released on Thursday,BayStreet.CA reports.

A number of other research firms also recently issued reports on DOL. UBS Group raised their price target on Dollarama from C$165.00 to C$196.00 in a research note on Thursday. Jefferies Financial Group set a C$180.00 price objective on Dollarama and gave the company a “buy” rating in a report on Thursday, April 10th. Royal Bank of Canada lifted their target price on shares of Dollarama from C$149.00 to C$183.00 in a report on Friday, April 4th. National Bank Financial upgraded shares of Dollarama from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Finally, TD Securities increased their price target on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Stock Up 0.5%

DOL opened at C$193.94 on Thursday. The business’s 50-day simple moving average is C$170.22 and its 200-day simple moving average is C$152.90. The company has a debt-to-equity ratio of 369.36, a quick ratio of 0.08 and a current ratio of 1.43. Dollarama has a one year low of C$119.88 and a one year high of C$196.46. The stock has a market capitalization of C$53.59 billion, a P/E ratio of 49.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 9th were paid a $0.1058 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.22%. The ex-dividend date of this dividend was Thursday, April 17th. This is a boost from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio (DPR) is 9.42%.

Insider Activity

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,350 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of C$173.51, for a total value of C$234,234.45. Also, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of C$160.00, for a total value of C$4,480,000.00. Insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.