Dollarama Inc (DOL) Receives Average Recommendation of “Buy” from Analysts
Dollarama Inc (TSE:DOL) has received an average recommendation of “Buy” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$161.42.
A number of research analysts recently weighed in on DOL shares. Eight Capital raised their target price on shares of Dollarama from C$150.00 to C$185.00 in a report on Tuesday, November 28th. BMO Capital Markets reissued an “outperform” rating and issued a C$155.00 target price on shares of Dollarama in a report on Monday, October 16th. Wells Fargo & Co started coverage on shares of Dollarama in a report on Friday, November 3rd. They issued a “market perform” rating and a C$150.00 target price for the company. National Bank Financial raised their target price on shares of Dollarama from C$145.00 to C$160.00 in a report on Thursday, November 30th. Finally, Canaccord Genuity cut their target price on shares of Dollarama from C$178.00 to C$175.00 in a report on Thursday, December 7th.
Shares of Dollarama (DOL) opened at C$155.45 on Tuesday. The stock has a market cap of $17,360.00, a P/E ratio of 35.74 and a beta of 0.39. Dollarama has a 1 year low of C$97.00 and a 1 year high of C$166.62.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 5th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Thursday, January 4th. Dollarama’s payout ratio is 9.89%.
In other news, Director John Assaly sold 509 shares of Dollarama stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$159.27, for a total transaction of C$81,068.43. Also, insider Geoffrey Peter Robillard sold 10,000 shares of Dollarama stock in a transaction on Monday, December 11th. The stock was sold at an average price of C$157.42, for a total value of C$1,574,200.00.
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Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.
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