Royal Bank Of Canada Increases Dollarama (TSE:DOL) Price Target to C$212.00

Dollarama (TSE:DOL) had its price target upped by Royal Bank Of Canada from C$207.00 to C$212.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research analysts have also recently issued reports on DOL. Scotiabank lifted their price target on shares of Dollarama from C$175.00 to C$210.00 in a research report on Thursday, June 12th. Stifel Nicolaus boosted their price target on Dollarama from C$162.50 to C$190.00 in a research report on Thursday, June 12th. TD Securities upped their price target on Dollarama from C$185.00 to C$210.00 and gave the stock a “buy” rating in a research note on Thursday, June 12th. Desjardins set a C$205.00 price objective on Dollarama and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Jefferies Financial Group boosted their target price on Dollarama from C$180.00 to C$223.00 in a report on Thursday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$191.29.

Dollarama Price Performance

Shares of DOL stock opened at C$185.05 on Tuesday. The business’s fifty day moving average is C$190.58 and its 200 day moving average is C$172.09. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The stock has a market cap of C$51.14 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 1.93 and a beta of 0.56. Dollarama has a twelve month low of C$124.99 and a twelve month high of C$198.66.

Dollarama Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, August 8th were issued a $0.1058 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Friday, July 11th. Dollarama’s payout ratio is presently 9.42%.

Insider Buying and Selling at Dollarama

In other Dollarama news, Director Nicolas Hien sold 4,131 shares of Dollarama stock in a transaction on Friday, June 13th. The stock was sold at an average price of C$192.31, for a total value of C$794,433.02. Also, Director John Assaly sold 9,089 shares of the business’s stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$189.28, for a total value of C$1,720,392.28. Following the completion of the transaction, the director owned 973 shares of the company’s stock, valued at C$184,172.26. This represents a 90.33% decrease in their position. Company insiders own 2.23% of the company’s stock.

About Dollarama

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.