TD Securities Boosts Dollarama (TSE:DOL) Price Target to C$210.00

Dollarama (TSE:DOL) had its target price boosted by TD Securities from C$185.00 to C$210.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts have also weighed in on the stock. Scotiabank lifted their price objective on shares of Dollarama from C$175.00 to C$210.00 in a research report on Thursday. National Bankshares upgraded shares of Dollarama from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. Desjardins increased their price target on shares of Dollarama from C$165.00 to C$185.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group raised their price objective on shares of Dollarama from C$180.00 to C$223.00 in a research report on Thursday. Finally, Royal Bank of Canada lifted their price objective on Dollarama from C$190.00 to C$207.00 in a report on Thursday. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and an average price target of C$186.36.

Dollarama Price Performance

Shares of TSE:DOL opened at C$193.94 on Thursday. 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 price-to-earnings ratio of 49.40, a PEG ratio of 1.93 and a beta of 0.56. The company has a 50-day simple moving average of C$170.22 and a 200-day simple moving average of 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 Increases Dividend

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

Insider Buying and Selling at Dollarama

In related news, Senior Officer Mark Di Pesa sold 1,350 shares of the business’s stock in a transaction dated Wednesday, April 23rd. The shares were 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 stock in a transaction dated Friday, April 11th. The shares were sold at an average price of C$160.00, for a total transaction of C$4,480,000.00. 2.23% of the stock is owned by corporate insiders.

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.