Dollarama (TSE:DOL) Hits New 52-Week High – Still a Buy?

Dollarama Inc. (TSE:DOL) shares hit a new 52-week high during trading on Thursday . The company traded as high as C$209.96 and last traded at C$198.66, with a volume of 653314 shares. The stock had previously closed at C$200.46.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOL. TD Securities upped their price objective on Dollarama from C$210.00 to C$235.00 and gave the company a “buy” rating in a research note on Friday. Wells Fargo & Company boosted their price target on Dollarama from C$185.00 to C$195.00 and gave the company an “equal weight” rating in a research note on Friday. Desjardins set a C$205.00 price target on Dollarama and gave the company a “buy” rating in a research report on Thursday, August 21st. CIBC lifted their price objective on Dollarama from C$199.00 to C$212.00 and gave the company a “neutral” rating in a report on Friday. Finally, Jefferies Financial Group boosted their target price on shares of Dollarama from C$223.00 to C$235.00 in a research note on Friday. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Dollarama currently has an average rating of “Moderate Buy” and an average target price of C$216.15.

Dollarama Trading Up 2.4%

The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08. The company has a market cap of C$55.86 billion, a price-to-earnings ratio of 44.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.10. The business has a 50 day simple moving average of C$189.23 and a 200 day simple moving average of C$188.45.

Dollarama (TSE:DOL) last announced its earnings results on Thursday, December 11th. The company reported C$1.17 earnings per share for the quarter. The company had revenue of C$1.91 billion during the quarter. Dollarama had a return on equity of 135.38% and a net margin of 17.85%. As a group, equities analysts forecast that Dollarama Inc. will post 5.3295203 EPS for the current year.

Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, November 7th were given a dividend of $0.1058 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Friday, October 10th. Dollarama’s dividend payout ratio is presently 8.77%.

Dollarama Company Profile

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.