Scotiabank Issues Positive Forecast for Dollarama (TSE:DOL) Stock Price

Dollarama (TSE:DOL) had its price objective lifted by Scotiabank from C$150.00 to C$175.00 in a report issued on Friday morning,BayStreet.CA reports.

DOL has been the subject of a number of other reports. Stifel Nicolaus increased their price objective on shares of Dollarama from C$140.00 to C$162.00 in a research note on Friday. CIBC increased their price target on Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. UBS Group boosted their price objective on Dollarama from C$147.00 to C$165.00 in a research report on Friday. National Bankshares upgraded Dollarama from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$156.00 to C$166.00 in a research report on Friday, March 28th. Finally, Desjardins boosted their price target on Dollarama from C$150.00 to C$160.00 and gave the stock a “buy” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Dollarama has an average rating of “Moderate Buy” and an average price target of C$163.31.

Dollarama Trading Down 3.7 %

Shares of TSE:DOL opened at C$154.03 on Friday. The stock has a 50 day moving average of C$146.75 and a 200 day moving average of C$143.40. The company has a market cap of C$42.57 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. Dollarama has a 12-month low of C$107.80 and a 12-month high of C$174.22. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, May 9th will be issued a $0.1058 dividend. The ex-dividend date is Friday, April 18th. This is an increase from Dollarama’s previous quarterly dividend of $0.09. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s payout ratio is 9.42%.

Insider Activity at Dollarama

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

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.