Dollarama (TSE:DOL) Price Target Raised to C$210.00

Dollarama (TSE:DOL) had its price target increased by Scotiabank from C$175.00 to C$210.00 in a research report released on Thursday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus raised their price objective on Dollarama from C$162.50 to C$190.00 in a research report on Thursday. Canaccord Genuity Group increased their target price on shares of Dollarama from C$168.00 to C$178.00 in a research report on Thursday, June 5th. UBS Group raised their price target on shares of Dollarama from C$165.00 to C$196.00 in a report on Thursday. Royal Bank of Canada boosted their price target on shares of Dollarama from C$149.00 to C$183.00 in a research report on Friday, April 4th. Finally, TD Securities increased their price objective on shares of Dollarama from C$160.00 to C$185.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Dollarama currently has an average rating of “Moderate Buy” and an average target price of C$186.36.

Dollarama Stock Up 0.5%

Shares of TSE:DOL opened at C$193.94 on Thursday. The firm has a market cap of C$53.59 billion, a P/E ratio of 49.40, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 12-month low of C$119.88 and a 12-month high of C$196.46. The business has a fifty day simple moving average of C$170.22 and a 200 day simple moving average of C$152.90. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 9th were issued a $0.1058 dividend. The ex-dividend date of this dividend was Thursday, April 17th. This represents a $0.42 annualized dividend and a yield of 0.22%. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s dividend payout ratio is presently 9.42%.

Insider Activity

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

About Dollarama

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.