Shares of Dollarama Inc. (TSE:DOL – Get Rating) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$75.25.
DOL has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Dollarama from C$79.00 to C$81.00 and gave the stock an “outperform” rating in a research note on Thursday, June 9th. Scotiabank upped their target price on shares of Dollarama from C$79.00 to C$81.00 in a research note on Thursday, June 9th. Stifel Nicolaus increased their price objective on shares of Dollarama from C$80.50 to C$82.00 in a research note on Thursday, June 9th. CIBC increased their price objective on shares of Dollarama from C$74.00 to C$76.00 and gave the company a “neutral” rating in a research note on Thursday, June 9th. Finally, BMO Capital Markets increased their price objective on shares of Dollarama from C$77.00 to C$80.00 in a research note on Thursday, June 9th.
Insider Activity at Dollarama
In related news, Director Josée Kouri sold 1,800 shares of the stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of C$74.30, for a total transaction of C$133,740.00. Following the completion of the sale, the director now owns 6,954 shares of the company’s stock, valued at C$516,682.20.
Dollarama Price Performance
Dollarama Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, August 5th. Investors of record on Friday, July 8th will be given a dividend of $0.055 per share. The ex-dividend date is Thursday, July 7th. This represents a $0.22 dividend on an annualized basis and a yield of 0.28%. Dollarama’s payout ratio is 9.13%.
Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. The company also sells its products through online store. As of January 30, 2022, it operated 1,421 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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