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

Dollarama Inc. (TSE:DOL) hit a new 52-week low during mid-day trading 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 trading hands. The stock had previously closed at C$168.35.

DOL has been the subject of a number of other reports. Ventum Financial set a C$225.00 price target on Dollarama and gave the company a “buy” rating in a report on Tuesday, September 8th. Canadian Imperial Bank of Commerce boosted their target price on shares of Dollarama from C$202.00 to C$228.00 in a research note on Friday, June 12th. TD increased their target price on shares of Dollarama from C$225.00 to C$227.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Jefferies Financial Group raised their price target on shares of Dollarama from C$200.00 to C$230.00 in a research report on Friday, June 12th. Finally, Bank of America set a C$220.00 price objective on shares of Dollarama and gave the stock a “buy” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$216.50.

Dollarama Trading Down 2.0%

The company has a current ratio of 1.57, a quick ratio of 0.08 and a debt-to-equity ratio of 451.20. The stock has a market cap of C$44.67 billion, a P/E ratio of 33.95, a PEG ratio of 1.93 and a beta of 0.26. The firm’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. Investors of record on Friday, August 7th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Friday, July 10th. Dollarama’s dividend payout ratio is 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.