UBS Group Reiterates “C$147.00” Price Target for Dollarama (TSE:DOL)

UBS Group set a C$147.00 target price on Dollarama (TSE:DOL) in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

DOL has been the subject of several other research reports. National Bankshares downgraded shares of Dollarama from an “outperform” rating to a “sector perform” rating in a research note on Thursday, December 5th. Wells Fargo & Company downgraded shares of Dollarama from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from C$136.00 to C$130.00 in a research report on Thursday, September 12th. BMO Capital Markets upped their price objective on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. CIBC raised their price objective on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Finally, Cfra raised Dollarama from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Dollarama presently has a consensus rating of “Hold” and a consensus price target of C$145.17.

Dollarama Trading Up 0.2 %

TSE DOL opened at C$141.84 on Friday. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a market cap of C$39.97 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a twelve month low of C$89.93 and a twelve month high of C$152.97. The business’s fifty day moving average is C$144.54 and its 200 day moving average is C$135.11.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, October 4th. Dollarama’s dividend payout ratio (DPR) is 9.59%.

Insider Buying and Selling

In related news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of C$143.47, for a total value of C$76,039.10. In the last 90 days, insiders sold 62,647 shares of company stock valued at $8,829,251. 2.23% of the stock is 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.