Dollarama (TSE:DOL) Stock Price Expected to Rise, TD Securities Analyst Says

Dollarama (TSE:DOL) had its price target hoisted by TD Securities from C$160.00 to C$185.00 in a report released on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

DOL has been the subject of several other research reports. UBS Group raised their target price on Dollarama from C$147.00 to C$165.00 in a research note on Friday. National Bankshares raised shares of Dollarama from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$156.00 to C$166.00 in a report on Friday, March 28th. National Bank Financial upgraded Dollarama from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Royal Bank of Canada raised their price objective on shares of Dollarama from C$149.00 to C$183.00 in a research report on Friday. Finally, Desjardins upped their target price on shares of Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Trading Down 3.7 %

TSE:DOL opened at C$154.03 on Friday. Dollarama has a 1 year low of C$107.80 and a 1 year high of C$174.22. The stock’s fifty day moving average price is C$146.75 and its two-hundred day moving average price is C$143.40. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a market cap of C$42.57 billion, a P/E ratio of 39.23, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 9th will be given a $0.1058 dividend. This represents a $0.42 annualized dividend and a dividend yield of 0.27%. This is a boost from Dollarama’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Friday, April 18th. Dollarama’s dividend payout ratio (DPR) is currently 9.42%.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred 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. Insiders own 2.23% of the company’s stock.

About Dollarama

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.