Dollarama (TSE:DOL) Price Target Raised to C$156.00 at National Bankshares

Dollarama (TSE:DOL) had its price target hoisted by National Bankshares from C$149.00 to C$156.00 in a research note published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Scotiabank upgraded Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Stifel Nicolaus boosted their price target on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. BMO Capital Markets boosted their price target on Dollarama from C$154.00 to C$160.00 in a report on Friday, March 14th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, CIBC boosted their price target on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Dollarama has an average rating of “Moderate Buy” and a consensus price target of C$146.25.

Dollarama Price Performance

DOL stock opened at C$150.84 on Thursday. Dollarama has a 52-week low of C$100.30 and a 52-week high of C$156.25. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a market capitalization of C$41.68 billion, a PE ratio of 38.42, a P/E/G ratio of 1.93 and a beta of 0.56. The stock’s 50 day moving average is C$143.22 and its two-hundred day moving average is C$141.88.

Dollarama Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, February 7th were given a dividend of $0.092 per share. The ex-dividend date was Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a yield of 0.24%. Dollarama’s dividend payout ratio (DPR) is presently 9.42%.

Insiders Place Their Bets

In other news, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. 2.23% of the stock is currently owned by insiders.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.