Dollarama (TSE:DOL) Hits New 52-Week High – Here’s What Happened

Dollarama Inc. (TSE:DOL) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as C$210.40 and last traded at C$209.59, with a volume of 50,096 shares trading hands. The stock had previously closed at C$207.50.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DOL shares. Ventum Financial set a C$225.00 target price on Dollarama and gave the company a “buy” rating in a research note on Tuesday, September 8th. Desjardins dropped their price target on Dollarama from C$215.00 to C$210.00 and set a “buy” rating on the stock in a research report 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 note on Wednesday, October 21st. National Bank Financial increased their price objective on Dollarama from C$209.00 to C$210.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and an average target price of C$216.06.

Dollarama Stock Performance

The company has a debt-to-equity ratio of 399.63, a quick ratio of 0.08 and a current ratio of 1.55. The stock has a market capitalization of C$56.35 billion, a P/E ratio of 42.16, a PEG ratio of 1.93 and a beta of 0.34. The business has a 50-day moving average price of C$187.19 and a 200 day moving average price of C$185.36.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, September 16th. The company reported C$1.29 earnings per share for the quarter. The company had revenue of C$2.03 billion during the quarter. Dollarama had a return on equity of 97.52% and a net margin of 17.32%. As a group, sell-side analysts forecast that Dollarama Inc. will post 5.33 EPS for the current fiscal year.

Dollarama Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 6th. Stockholders of record on Friday, November 6th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend is Friday, October 9th. Dollarama’s dividend payout ratio is currently 9.07%.

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.