Analysts Set Dollarama Inc. (TSE:DOL) Target Price at C$145.17

Shares of Dollarama Inc. (TSE:DOL) have been assigned an average rating of “Hold” from the twelve brokerages that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$145.17.

A number of equities research analysts have issued reports on DOL shares. Canaccord Genuity Group increased their target price on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a report on Thursday, November 28th. Royal Bank of Canada decreased their target price on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Wells Fargo & Company cut Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Finally, TD Securities upped their target price on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th.

Insider Transactions at Dollarama

In other news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Insiders have sold 57,480 shares of company stock worth $8,130,761 over the last quarter. 2.23% of the stock is currently owned by insiders.

Dollarama Stock Up 1.1 %

Shares of TSE DOL opened at C$141.67 on Friday. The company has a market capitalization of C$39.92 billion, a P/E ratio of 36.70, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The company has a 50 day simple moving average of C$144.34 and a 200-day simple moving average of C$136.03. Dollarama has a 1 year low of C$93.57 and a 1 year high of C$152.97.

Dollarama Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a $0.092 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 annualized dividend and a yield of 0.26%. Dollarama’s payout ratio is currently 9.59%.

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.