Dollarama (TSE:DOL) Reaches New 52-Week High – Here’s Why

Dollarama Inc. (TSE:DOL) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$139.74 and last traded at C$138.93, with a volume of 162521 shares. The stock had previously closed at C$138.71.

Analyst Ratings Changes

DOL has been the topic of several analyst reports. TD Securities upgraded Dollarama from a “hold” rating to a “buy” rating and raised their target price for the company from C$150.00 to C$154.00 in a research report on Thursday, September 12th. BMO Capital Markets lifted their price objective on shares of Dollarama from C$138.00 to C$147.00 in a research note on Thursday, September 12th. Cfra raised shares of Dollarama from a “hold” rating to a “buy” rating and raised their target price for the company from C$130.00 to C$155.00 in a research note on Thursday, September 12th. National Bankshares increased their price objective on shares of Dollarama from C$141.00 to C$143.00 in a report on Thursday, September 12th. Finally, CIBC boosted their target price on Dollarama from C$128.00 to C$138.00 in a report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and a consensus target price of C$139.18.

Dollarama Stock Up 2.8 %

The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The company has a market capitalization of C$40.58 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business has a 50-day moving average price of C$133.74 and a 200-day moving average price of C$125.19.

Dollarama (TSE:DOL) last posted its quarterly earnings data on Wednesday, September 11th. The company reported C$1.02 EPS for the quarter, beating analysts’ consensus estimates of C$0.96 by C$0.06. The company had revenue of C$1.56 billion during the quarter, compared to analyst estimates of C$1.57 billion. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. As a group, equities analysts anticipate that Dollarama Inc. will post 5.296851 earnings per share for the current fiscal year.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Friday, November 1st will be paid a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Friday, October 4th. Dollarama’s dividend payout ratio is 9.59%.

Insider Transactions at Dollarama

In related news, Director John Assaly sold 7,202 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. In other news, Director John Assaly sold 7,202 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of C$128.03, for a total transaction of C$922,050.45. Also, Director Nicolas Hien sold 5,167 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. Insiders sold a total of 14,899 shares of company stock valued at $1,972,030 over the last quarter. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.