Dollarama (TSE:DOL) Reaches New 12-Month High – What’s Next?

Dollarama Inc. (TSE:DOL) shares hit a new 52-week high during trading on Friday . The company traded as high as C$198.82 and last traded at C$198.53, with a volume of 223791 shares trading hands. The stock had previously closed at C$198.34.

Wall Street Analyst Weigh In

DOL has been the topic of several recent analyst reports. Canaccord Genuity Group lowered their price objective on shares of Dollarama from C$200.00 to C$195.00 and set a “hold” rating on the stock in a research note on Thursday, August 28th. Sanford C. Bernstein boosted their price target on Dollarama from C$220.00 to C$223.00 in a research report on Tuesday, November 4th. CIBC dropped their price objective on Dollarama from C$204.00 to C$199.00 and set a “neutral” rating on the stock in a research note on Thursday, August 28th. Scotiabank reduced their target price on Dollarama from C$210.00 to C$205.00 and set an “outperform” rating for the company in a research note on Thursday, August 28th. Finally, Desjardins set a C$205.00 price target on Dollarama and gave the company a “buy” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$201.23.

Dollarama Stock Down 0.3%

The stock has a fifty day moving average price of C$184.90 and a two-hundred day moving average price of C$185.35. The company has a market cap of C$54.61 billion, a price-to-earnings ratio of 43.83, a P/E/G ratio of 1.93 and a beta of 0.06. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Friday, November 7th were issued a $0.1058 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $0.42 dividend on an annualized basis and a yield of 0.2%. Dollarama’s payout ratio is currently 8.77%.

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.