Cfra Upgrades Dollarama (TSE:DOL) to “Buy”

Cfra upgraded shares of Dollarama (TSE:DOL) from a hold rating to a buy rating in a report issued on Thursday morning, BayStreet.CA reports. They currently have C$155.00 target price on the stock, up from their previous target price of C$130.00.

A number of other research analysts have also recently issued reports on the company. National Bankshares lifted their price objective on Dollarama from C$141.00 to C$143.00 in a report on Thursday. CIBC lifted their price objective on Dollarama from C$128.00 to C$138.00 in a report on Thursday. TD Securities lifted their price target on Dollarama from C$126.00 to C$150.00 and gave the company a hold rating in a report on Friday, August 30th. Royal Bank of Canada lifted their price target on Dollarama from C$138.00 to C$144.00 and gave the company an outperform rating in a report on Friday, August 23rd. Finally, BMO Capital Markets lifted their price target on Dollarama from C$133.00 to C$138.00 in a report on Thursday, July 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of C$139.18.

Dollarama Stock Down 1.2 %

Shares of TSE DOL opened at C$133.48 on Thursday. The stock has a market cap of C$37.88 billion, a PE ratio of 36.08, a PEG ratio of 1.93 and a beta of 0.56. The business has a fifty day moving average of C$131.18 and a two-hundred day moving average of C$121.15. Dollarama has a 52-week low of C$89.93 and a 52-week high of C$137.72. The company has a debt-to-equity ratio of 1,073.06, a quick ratio of 0.08 and a current ratio of 2.09.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Wednesday, June 12th. The company reported C$0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.75 by C$0.02. The company had revenue of C$1.41 billion during the quarter, compared to analysts’ expectations of C$1.41 billion. Dollarama had a return on equity of 324.09% and a net margin of 17.50%. As a group, equities research analysts expect that Dollarama will post 4.4967696 earnings per share for the current fiscal year.

Dollarama Announces Dividend

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

Insiders Place Their Bets

In other Dollarama news, Senior Officer Mark Di Pesa sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the completion of the sale, the insider now directly owns 530 shares of the company’s stock, valued at approximately C$68,991.16. In other news, Director Nicolas Hien sold 15,000 shares of the business’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of C$122.05, for a total transaction of C$1,830,693.00. Also, Senior Officer Mark Di Pesa sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total value of C$130,172.00. Following the transaction, the insider now owns 530 shares of the company’s stock, valued at C$68,991.16. In the last three months, insiders sold 26,013 shares of company stock valued at $3,225,967. 2.23% of the stock is currently owned by insiders.

Dollarama Company Profile

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.