Dollarama Inc. (TSE:DOL) Director Sells C$1,256,386.50 in Stock

Dollarama Inc. (TSE:DOL) Director Nicolas Hien sold 9,000 shares of Dollarama 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.

Dollarama Stock Performance

Shares of TSE:DOL traded down C$2.26 during midday trading on Friday, reaching C$137.10. The company’s stock had a trading volume of 591,339 shares, compared to its average volume of 537,181. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The stock has a fifty day moving average of C$143.61 and a 200 day moving average of C$137.19. Dollarama Inc. has a twelve month low of C$96.08 and a twelve month high of C$152.97. The firm has a market capitalization of C$38.63 billion, a PE ratio of 35.52, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.092 per share. The ex-dividend date is Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.27%. Dollarama’s payout ratio is currently 9.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DOL shares. TD Securities raised their target price on shares of Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. Stifel Nicolaus raised their price objective on Dollarama from C$136.00 to C$140.00 in a research report on Thursday, December 5th. Royal Bank of Canada reduced their target price on Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. Cfra raised Dollarama from a “hold” rating to a “buy” rating and raised their price target for the stock from C$130.00 to C$155.00 in a report on Thursday, September 12th. Finally, BMO Capital Markets upped their price objective on shares of Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Dollarama presently has an average rating of “Hold” and an average target price of C$145.17.

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.