Dollarama (TSE:DOL) Given New C$168.00 Price Target at Canaccord Genuity Group

Dollarama (TSE:DOL) had its price objective hoisted by Canaccord Genuity Group from C$146.00 to C$168.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on the stock. Desjardins raised their price objective on shares of Dollarama from C$150.00 to C$160.00 and gave the company a “buy” rating in a research note on Wednesday. TD Securities lifted their price objective on Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Royal Bank of Canada increased their target price on Dollarama from C$149.00 to C$183.00 in a research note on Friday. BMO Capital Markets boosted their target price on Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. Finally, UBS Group lifted their price objective on shares of Dollarama from C$147.00 to C$165.00 in a research note on Friday. Six 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$163.31.

Dollarama Stock Performance

Dollarama stock opened at C$154.03 on Friday. The company has a market cap of C$42.57 billion, a PE ratio of 39.23, a PEG ratio of 1.93 and a beta of 0.56. 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 has a 1 year low of C$107.80 and a 1 year high of C$174.22. The company’s 50-day moving average is C$146.75 and its two-hundred day moving average is C$143.40.

Dollarama Increases Dividend

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

Insider Buying and Selling at Dollarama

In other news, Director Nicolas Hien sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Company 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.