Dollarama (TSE:DOL) Hits New 1-Year High at $129.78

Dollarama Inc. (TSE:DOL - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$129.78 and last traded at C$129.67, with a volume of 67477 shares traded. The stock had previously closed at C$128.76.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DOL. Canaccord Genuity Group raised their price target on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. BMO Capital Markets raised their price target on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an "outperform" rating in a research report on Monday, June 3rd. CIBC lifted their target price on shares of Dollarama from C$115.00 to C$128.00 and gave the company a "neutral" rating in a research report on Thursday, June 13th. Royal Bank of Canada lifted their target price on shares of Dollarama from C$136.00 to C$138.00 and gave the company an "outperform" rating in a research report on Thursday, June 13th. Finally, Stifel Nicolaus lifted their target price on shares of Dollarama from C$110.00 to C$125.00 and gave the company a "hold" rating in a research report on Thursday, June 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$125.80.

Check Out Our Latest Stock Report on DOL

Dollarama Stock Performance

The company has a market capitalization of C$36.23 billion, a P/E ratio of 36.07, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1,137.89, a current ratio of 1.93 and a quick ratio of 0.08. The stock's 50 day simple moving average is C$123.18 and its two-hundred day simple moving average is C$110.26.

Dollarama (TSE:DOL - Get Free Report) last announced its earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, topping analysts' consensus estimates of C$0.75 by C$0.02. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. The company had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. As a group, research analysts expect that Dollarama Inc. will post 4.5049541 earnings per share for the current year.

Dollarama Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, August 2nd will be issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, July 5th. Dollarama's payout ratio is 8.43%.

Insiders Place Their Bets

In other Dollarama news, Director Paul Roche sold 5,541 shares of the company's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total transaction of C$616,316.56. In other news, Director Paul Roche sold 5,541 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total value of C$616,316.56. Also, Director John Assaly sold 1,336 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total transaction of C$150,106.41. Over the last three months, insiders have sold 127,179 shares of company stock valued at $15,147,404. 2.92% of the stock is currently owned by corporate insiders.

Dollarama Company Profile

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.

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