Dollarama (TSE:DOL) Upgraded to “Outperform” at National Bankshares

National Bankshares upgraded shares of Dollarama (TSE:DOL) from a sector perform rating to an outperform rating in a research note released on Friday,BayStreet.CA reports. They currently have C$166.00 price objective on the stock, up from their prior price objective of C$156.00.

A number of other research analysts have also recently issued reports on the company. UBS Group set a C$147.00 target price on Dollarama and gave the company a “neutral” rating in a research report on Friday, December 13th. Canaccord Genuity Group upped their price objective on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a “hold” rating in a research report on Thursday, November 28th. CIBC raised their target price on shares of Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. TD Securities upped their price target on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Finally, Canaccord Genuity Group increased their price target on Dollarama from C$140.00 to C$146.00 and gave the company a “hold” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$147.00.

Dollarama Price Performance

Shares of TSE DOL opened at C$151.68 on Friday. The business has a fifty day moving average price of C$144.98 and a two-hundred day moving average price of C$142.53. The stock has a market capitalization of C$41.92 billion, a PE ratio of 38.63, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. Dollarama has a fifty-two week low of C$100.30 and a fifty-two week high of C$156.25.

Dollarama Dividend Announcement

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

Insider Transactions at Dollarama

In other news, Director Nicolas Hien sold 9,000 shares of the business’s stock in a transaction dated 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. Corporate insiders own 2.23% of the company’s stock.

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.