Dollarama (TSE:DOL) Sets New 12-Month High at $115.23

Shares of Dollarama Inc. (TSE:DOL) reached a new 52-week high on Tuesday . The stock traded as high as C$115.23 and last traded at C$114.43, with a volume of 93909 shares traded. The stock had previously closed at C$114.02.

Wall Street Analysts Forecast Growth

DOL has been the subject of several recent research reports. TD Securities upped their price objective on Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Wells Fargo & Company dropped their target price on Dollarama from C$110.00 to C$105.00 in a report on Thursday, January 4th. Canaccord Genuity Group upped their target price on Dollarama from C$98.00 to C$100.00 in a report on Monday, April 1st. BMO Capital Markets upped their target price on Dollarama from C$105.00 to C$124.00 in a report on Friday, April 5th. Finally, National Bankshares upped their target price on Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Dollarama has a consensus rating of “Hold” and a consensus target price of C$109.36.

Dollarama Stock Performance

The stock has a fifty day simple moving average of C$106.01 and a two-hundred day simple moving average of C$100.24. The stock has a market cap of C$31.96 billion, a price-to-earnings ratio of 34.34, a P/E/G ratio of 1.93 and a beta of 0.57. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51.

Dollarama Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Friday, April 19th will be issued a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.32%. The ex-dividend date is Thursday, April 18th. This is an increase from Dollarama’s previous quarterly dividend of $0.07. Dollarama’s dividend payout ratio (DPR) is currently 8.43%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director Paul Roche sold 707 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total value of C$79,100.01. In related news, Director Paul Roche sold 707 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$111.88, for a total transaction of C$79,100.01. Also, Director John Assaly sold 1,336 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total value of C$150,106.41. In the last quarter, insiders have sold 7,584 shares of company stock valued at $845,523. 2.90% 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.