Dollarama Inc. (TSE:DOL - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$138.90 and last traded at C$138.90, with a volume of 23792 shares traded. The stock had previously closed at C$136.66.
A number of research firms have commented on DOL. Wells Fargo & Company cut Dollarama from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from C$136.00 to C$130.00 in a report on Thursday, September 12th. CIBC increased their price objective on shares of Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Desjardins boosted their target price on shares of Dollarama from C$140.00 to C$143.00 in a report on Thursday, September 12th. Cfra raised shares of Dollarama from a "hold" rating to a "buy" rating and increased their price target for the company from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, TD Securities raised Dollarama from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$150.00 to C$154.00 in a research note on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Dollarama presently has an average rating of "Moderate Buy" and a consensus price target of C$139.18.
Get Our Latest Research Report on Dollarama
The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The company has a market cap of C$38.98 billion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business has a fifty day simple moving average of C$132.83 and a two-hundred day simple moving average of C$123.75.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Friday, November 1st will be given a $0.092 dividend. This represents a $0.37 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend is Friday, October 4th. Dollarama's dividend payout ratio is currently 9.59%.
In other Dollarama news, Director John Assaly sold 7,202 shares of the business's stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total value of C$922,050.45. In related news, Senior Officer Mark Di Pesa sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of C$130.17, for a total transaction of C$130,172.00. Following the completion of the sale, the insider now owns 530 shares in the company, valued at C$68,991.16. Also, Director John Assaly sold 7,202 shares of the company's stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of C$128.03, for a total value of C$922,050.45. Over the last quarter, insiders have sold 13,369 shares of company stock valued at $1,750,712. 2.23% of the stock is currently owned by corporate insiders.
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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