Dollarama (TSE:DOL) Sets New 1-Year Low on Analyst Downgrade

Dollarama Inc. (TSE:DOL)’s share price hit a new 52-week low on Tuesday after UBS Group lowered their price target on the stock from C$202.00 to C$190.00. The stock traded as low as C$163.99 and last traded at C$165.14, with a volume of 89972 shares changing hands. The stock had previously closed at C$168.35.

A number of other research analysts have also commented on DOL. National Bank Financial raised their price target on Dollarama from C$203.00 to C$209.00 in a report on Friday, June 12th. Stifel Nicolaus increased their target price on shares of Dollarama from C$190.00 to C$215.00 in a research report on Friday, June 12th. TD raised their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Ventum Financial set a C$225.00 price target on shares of Dollarama and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Finally, BMO Capital Markets upped their price target on shares of Dollarama from C$210.00 to C$221.00 in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Dollarama currently has a consensus rating of “Buy” and an average price target of C$216.50.

Dollarama Price Performance

The company has a quick ratio of 0.08, a current ratio of 1.57 and a debt-to-equity ratio of 451.20. The company has a market capitalization of C$44.67 billion, a P/E ratio of 33.95, a P/E/G ratio of 1.93 and a beta of 0.26. The company’s 50-day simple moving average is C$184.45 and its 200 day simple moving average is C$182.30.

Dollarama Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, August 7th were paid a $0.12 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.3%. Dollarama’s dividend payout ratio is currently 9.00%.

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. The company’s stores are throughout Canada, generally located in convenient locations, such as metropolitan areas, midsize cities, and small towns.