Dollarama (TSE:DOL) Insider Mark Di Pesa Sells 6,095 Shares of Company Stock

Dollarama Inc. (TSE:DOL) insider Mark Di Pesa sold 6,095 shares of the firm’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of C$205.93, for a total transaction of C$1,255,143.35. Following the sale, the insider owned 1,561 shares in the company, valued at approximately C$321,456.73. The trade was a 79.61% decrease in their ownership of the stock.

Mark Di Pesa also recently made the following trade(s):

• On Thursday, October 29th, Mark Di Pesa sold 1,561 shares of Dollarama stock. The shares were sold at an average price of C$205.00, for a total transaction of C$320,005.00.

Dollarama Stock Down 1.5%

TSE DOL traded down C$3.21 on Friday, reaching C$215.49. The company had a trading volume of 654,550 shares, compared to its average volume of 705,916. The firm has a market capitalization of C$57.83 billion, a price-to-earnings ratio of 43.27, a price-to-earnings-growth ratio of 1.93 and a beta of 0.38. The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. Dollarama Inc. has a 1-year low of C$163.25 and a 1-year high of C$222.17. The company’s fifty day moving average is C$189.57 and its 200-day moving average is C$185.68.

Dollarama (TSE:DOL) last released its earnings results on Wednesday, September 16th. The company reported C$1.29 earnings per share (EPS) for the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. The firm had revenue of C$2.03 billion during the quarter. On average, research analysts forecast that Dollarama Inc. will post 5.33 earnings per share for the current fiscal year.

Dollarama Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 6th. Stockholders of record on Friday, November 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, October 9th. Dollarama’s dividend payout ratio is currently 9.07%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TD decreased their price objective on Dollarama from C$227.00 to C$217.00 and set a “buy” rating for the company in a report on Thursday, September 17th. Scotiabank cut their target price on Dollarama from C$220.00 to C$210.00 in a research note on Monday, September 21st. National Bank Financial boosted their target price on Dollarama from C$209.00 to C$210.00 and gave the company an “outperform” rating in a research note on Thursday, September 17th. Ventum Capital upped their price target on Dollarama from C$225.00 to C$231.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Finally, Royal Bank Of Canada raised their price target on shares of Dollarama from C$223.00 to C$225.00 and gave the stock an “outperform” rating in a research note on Thursday, September 17th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$216.06.

About Dollarama

Founded in 1992 and headquartered in Montreal, Quebec, Canada, Dollarama (TSX: DOL) is a leading Canadian value retailer with international reach with more than 2,900 conveniently located stores and over 43,000 people serving customers in seven countries on three continents. In every market where it operates, Dollarama aims to provide compelling value at select low fixed price points and convenient access to a wide assortment of affordable everyday and seasonal merchandise that appeals to a broad customer base.