Dollarama Inc. (TSE:DOL - Get Free Report) Director Paul Roche sold 707 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of C$111.88, for a total value of C$79,100.01.
Dollarama Price Performance
TSE:DOL opened at C$112.05 on Friday. The firm has a market capitalization of C$31.51 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.93 and a beta of 0.57. Dollarama Inc. has a 1 year low of C$80.81 and a 1 year high of C$114.81. The business has a 50 day simple moving average of C$104.45 and a 200-day simple moving average of C$99.34. The company has a debt-to-equity ratio of 1,477.71, a current ratio of 1.51 and a quick ratio of 0.08.
Dollarama Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Stockholders of record on Friday, April 19th will be paid a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.33%. This is a positive change from Dollarama's previous quarterly dividend of $0.07. The ex-dividend date is Thursday, April 18th. Dollarama's dividend payout ratio (DPR) is presently 8.43%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. National Bank Financial raised Dollarama from a "sector perform market weight" rating to an "outperform market weight" rating in a report on Wednesday, March 13th. Canaccord Genuity Group increased their target price on Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. Scotiabank increased their target price on Dollarama from C$107.00 to C$113.00 in a research report on Friday, April 5th. Wells Fargo & Company cut their target price on Dollarama from C$110.00 to C$105.00 in a research report on Thursday, January 4th. Finally, TD Securities increased their target price on Dollarama from C$106.00 to C$113.00 and gave the stock a "hold" rating in a research report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of C$109.36.
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About Dollarama
(
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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.
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