Dollarama (TSE:DOL) Reaches New 52-Week High – Here’s Why

Dollarama Inc. (TSE:DOL) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$153.15 and last traded at C$152.07, with a volume of 286703 shares trading hands. The stock had previously closed at C$150.78.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DOL shares. Royal Bank of Canada dropped their target price on Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. National Bank Financial cut shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group upped their target price on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research note on Thursday, November 28th. CIBC lifted their price objective on Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets lifted their price target on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$145.17.

Dollarama Stock Performance

The company has a market capitalization of C$42.35 billion, a PE ratio of 39.03, a P/E/G ratio of 1.93 and a beta of 0.56. The stock has a 50-day simple moving average of C$140.63 and a 200 day simple moving average of C$140.53. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.24%. The ex-dividend date of this dividend was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is 9.42%.

Insider Activity

In other news, Director Nicolas Hien sold 9,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Corporate 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.