Dollarama (TSE:DOL) Price Target Raised to C$149.00 at National Bankshares

Dollarama (TSE:DOL) had its price target lifted by National Bankshares from C$143.00 to C$149.00 in a research note released on Wednesday,BayStreet.CA reports.

DOL has been the subject of several other reports. Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their target price for the company from C$136.00 to C$130.00 in a research report on Thursday, September 12th. Royal Bank of Canada boosted their target price on shares of Dollarama from C$144.00 to C$147.00 in a research report on Thursday, September 12th. Stifel Nicolaus boosted their target price on shares of Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and boosted their target price for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. Finally, BMO Capital Markets boosted their target price on shares of Dollarama from C$138.00 to C$147.00 in a research report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$140.73.

Dollarama Stock Down 0.9 %

TSE:DOL opened at C$145.51 on Wednesday. The firm has a market cap of C$41.00 billion, a P/E ratio of 37.70, 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 quick ratio of 0.08 and a current ratio of 1.99. Dollarama has a fifty-two week low of C$89.93 and a fifty-two week high of C$152.97. The firm has a 50-day simple moving average of C$142.25 and a two-hundred day simple moving average of C$132.65.

Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The firm had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. Analysts predict that Dollarama will post 5.3295203 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.25%. The ex-dividend date was Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is presently 9.59%.

Insider Transactions at Dollarama

In other news, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of C$135.18, for a total transaction of C$698,490.04. Over the last quarter, insiders have sold 7,697 shares of company stock valued at $1,049,979. 2.23% of the stock is currently owned by corporate insiders.

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.