Dollarama Inc. (TSE:DOL – Get Free Report) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$109.36.
A number of research analysts recently issued reports on DOL shares. Stifel Nicolaus lifted their price target on shares of Dollarama from C$100.00 to C$110.00 in a research report on Friday, April 5th. TD Securities lifted their price target on shares of Dollarama from C$106.00 to C$113.00 and gave the company a “hold” rating in a research report on Friday, April 5th. BMO Capital Markets lifted their price target on shares of Dollarama from C$105.00 to C$124.00 in a research report on Friday, April 5th. Royal Bank of Canada lifted their price target on shares of Dollarama from C$118.00 to C$125.00 in a research report on Friday, April 5th. Finally, Wells Fargo & Company reduced their price objective on shares of Dollarama from C$110.00 to C$105.00 in a research note on Thursday, January 4th.
Read Our Latest Analysis on DOL
Dollarama Trading Up 1.1 %
Dollarama Increases Dividend
The business also recently declared 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. The ex-dividend date is Thursday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.32%. Dollarama’s payout ratio is currently 8.43%.
Insider Transactions at Dollarama
In other news, Director John Assaly sold 1,336 shares of Dollarama stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total value of C$150,106.41. In related news, Director Paul Roche sold 5,541 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total transaction of C$616,316.56. Also, Director John Assaly sold 1,336 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total transaction of C$150,106.41. Insiders sold 7,584 shares of company stock worth $845,523 over the last three months. 2.90% of the stock is currently owned by company insiders.
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.
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