CIBC Increases Dollarama (TSE:DOL) Price Target to C$138.00

Dollarama (TSE:DOL) had its price target increased by CIBC from C$128.00 to C$138.00 in a research report sent to investors on Thursday, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. National Bankshares raised their price target on Dollarama from C$141.00 to C$143.00 in a report on Thursday. Stifel Nicolaus lifted their target price on shares of Dollarama from C$110.00 to C$125.00 and gave the stock a hold rating in a research note on Thursday, June 13th. BMO Capital Markets boosted their target price on shares of Dollarama from C$133.00 to C$138.00 in a research report on Thursday, July 18th. Royal Bank of Canada raised their price target on shares of Dollarama from C$138.00 to C$144.00 and gave the stock an outperform rating in a report on Friday, August 23rd. Finally, Canaccord Genuity Group boosted their price objective on shares of Dollarama from C$112.00 to C$125.00 in a report on Monday, June 10th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Dollarama presently has an average rating of Moderate Buy and a consensus target price of C$139.18.

Dollarama Stock Performance

Shares of DOL opened at C$133.48 on Thursday. The company has a current ratio of 2.09, a quick ratio of 0.08 and a debt-to-equity ratio of 1,073.06. The firm has a market cap of C$37.88 billion, a PE ratio of 36.08, a P/E/G ratio of 1.93 and a beta of 0.56. Dollarama has a 12 month low of C$89.93 and a 12 month high of C$137.72. The stock has a fifty day moving average price of C$131.18 and a 200-day moving average price of C$121.25.

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, October 4th will be given a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, October 4th. Dollarama’s dividend payout ratio is currently 10.00%.

Insider Buying and Selling at Dollarama

In other news, Senior Officer Johanne Choinière sold 2,811 shares of the company’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$122.04, for a total value of C$343,051.07. In other news, Director Nicolas Hien sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. Also, Senior Officer Johanne Choinière sold 2,811 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of C$122.04, for a total transaction of C$343,051.07. In the last quarter, insiders sold 26,013 shares of company stock worth $3,225,967. Insiders own 2.23% of the company’s stock.

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.