Dollarama (TSE:DOL) Price Target Raised to C$140.00 at Canaccord Genuity Group

Dollarama (TSE:DOL) had its price objective upped by Canaccord Genuity Group from C$138.00 to C$140.00 in a research report released on Thursday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a hold rating on the stock.

A number of other research analysts also recently issued reports on DOL. National Bankshares lifted their price target on shares of Dollarama from C$143.00 to C$149.00 in a research note on Wednesday, November 20th. CIBC lifted their price target on shares of Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$150.00 to C$154.00 in a report on Thursday, September 12th. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets raised their price objective on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$143.27.

Dollarama Stock Up 0.7 %

Shares of Dollarama stock opened at C$144.78 on Thursday. Dollarama has a 52-week low of C$89.93 and a 52-week high of C$152.97. The company has a 50 day moving average of C$142.96 and a 200 day moving average of C$133.36. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a market capitalization of C$40.80 billion, a P/E ratio of 37.54, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last issued its quarterly earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The company had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. As a group, research analysts forecast that Dollarama will post 5.3295203 EPS for the current fiscal year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were issued a $0.092 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.25%. Dollarama’s payout ratio is 9.59%.

Insider Activity

In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Insiders have sold 7,697 shares of company stock valued at $1,049,979 in the last ninety days. 2.23% of the stock is currently owned by company insiders.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.