Dollarama (TSE:DOL) Given New C$165.00 Price Target at UBS Group

Dollarama (TSE:DOL) had its price objective boosted by UBS Group from C$147.00 to C$165.00 in a research note released on Friday,BayStreet.CA reports.

A number of other equities analysts have also recently commented on DOL. 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. Canaccord Genuity Group boosted their target price on Dollarama from C$140.00 to C$146.00 and gave the stock a “hold” rating in a research note on Tuesday, March 25th. Stifel Nicolaus raised their price target on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Scotiabank raised shares of Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Finally, BMO Capital Markets raised their target price on shares of Dollarama from C$154.00 to C$160.00 in a research report on Friday, March 14th. Six research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$163.31.

Dollarama Stock Down 3.7 %

Shares of DOL opened at C$154.03 on Friday. The firm has a 50 day simple moving average of C$146.75 and a two-hundred day simple moving average of 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. Dollarama has a one year low of C$107.80 and a one year high of C$174.22. 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 declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be given a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Friday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.09. Dollarama’s payout ratio is 9.42%.

Insider Transactions at Dollarama

In related news, Director Nicolas Hien sold 9,000 shares of the company’s 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. 2.23% of the stock is owned by corporate 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.