Dollarama (TSE:DOL) Reaches New 12-Month High After Analyst Upgrade

Dollarama Inc. (TSE:DOL)’s stock price hit a new 52-week high on Tuesday after Desjardins raised their price target on the stock from C$143.00 to C$147.00. Desjardins currently has a buy rating on the stock. Dollarama traded as high as C$144.79 and last traded at C$144.74, with a volume of 125107 shares changing hands. The stock had previously closed at C$144.03.

A number of other research firms have also recently weighed in on DOL. National Bankshares upped their target price on shares of Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. Wells Fargo & Company lowered Dollarama from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from C$136.00 to C$130.00 in a research note on Thursday, September 12th. Cfra upgraded Dollarama from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$130.00 to C$155.00 in a research note on Thursday, September 12th. CIBC lifted their price objective on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Finally, Royal Bank of Canada upped their target price on shares of Dollarama from C$144.00 to C$147.00 in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and a consensus price target of C$139.55.

Insider Activity

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. In other news, Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total transaction of C$76,039.10. In the last ninety days, insiders sold 7,697 shares of company stock valued at $1,049,979. Company insiders own 2.23% of the company’s stock.

Dollarama Stock Performance

The firm has a market cap of C$40.65 billion, a P/E ratio of 37.62, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The stock’s 50-day moving average price is C$134.32 and its 200 day moving average price is C$125.77. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08.

Dollarama (TSE:DOL) last announced its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. The company had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. As a group, equities analysts predict that Dollarama Inc. will post 5.296851 EPS for the current year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, November 1st will be issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Friday, October 4th. Dollarama’s payout ratio is 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.