Dollarama Inc. (TSE:DOL) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Dollarama Inc. (TSE:DOL) have received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$143.27.

Several brokerages recently commented on DOL. Canaccord Genuity Group increased their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research report on Thursday. National Bankshares increased their price objective on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday, November 20th. Royal Bank of Canada increased their price objective on shares of Dollarama from C$147.00 to C$160.00 in a research report on Monday, November 25th. Stifel Nicolaus increased their price objective on shares of Dollarama from C$125.00 to C$136.00 in a research report on Thursday, September 12th. Finally, Desjardins increased their price objective on shares of Dollarama from C$143.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th.

Insider Buying and Selling

In related news, Senior Officer Mark Di Pesa sold 530 shares of the firm’s stock in a transaction that occurred 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 firm’s stock in a transaction that occurred 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 owned by insiders.

Dollarama Stock Up 0.7 %

Shares of Dollarama stock opened at C$145.84 on Wednesday. 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 moving average of C$143.39 and a 200 day moving average of C$133.63. The firm has a market cap of C$41.09 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a 1 year low of C$89.93 and a 1 year high of C$152.97.

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

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were issued a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.25%. The ex-dividend date was 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.