Insider Selling: Dollarama Inc. (TSE:DOL) Director Sells C$7,779,271.50 in Stock

Dollarama Inc. (TSE:DOL) Director Stephen Gunn sold 54,950 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total value of C$7,779,271.50.

Dollarama Trading Up 0.2 %

Shares of DOL opened at C$141.84 on Monday. The stock’s fifty day simple moving average is C$144.54 and its 200-day simple moving average is C$135.11. The firm has a market capitalization of C$39.97 billion, a PE ratio of 36.75, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama Inc. has a 12-month low of C$89.93 and a 12-month high of C$152.97. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

Dollarama Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were paid a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is currently 9.59%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DOL shares. Stifel Nicolaus increased their price objective on Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Canaccord Genuity Group lifted their price target on shares of Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a report on Thursday, November 28th. National Bankshares cut shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. National Bank Financial cut shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada reduced their target price on Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$145.17.

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.