John Assaly Sells 1,336 Shares of Dollarama Inc. (TSE:DOL) Stock

Dollarama Inc. (TSE:DOL) Director John Assaly sold 1,336 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of C$112.36, for a total value of C$150,106.41.

Dollarama Stock Down 0.1 %

Shares of DOL traded down C$0.13 on Friday, reaching C$112.80. The stock had a trading volume of 346,394 shares, compared to its average volume of 489,447. Dollarama Inc. has a 12-month low of C$80.81 and a 12-month high of C$114.81. The company has a debt-to-equity ratio of 1,477.71, a quick ratio of 0.08 and a current ratio of 1.51. The firm has a market capitalization of C$31.72 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The company has a 50-day simple moving average of C$105.51 and a 200-day simple moving average of C$99.87.

Dollarama Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be given a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date is Thursday, April 18th. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. Dollarama’s dividend payout ratio (DPR) is 8.43%.

Wall Street Analyst Weigh In

DOL has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on Dollarama from C$100.00 to C$110.00 in a report on Friday, April 5th. National Bankshares increased their price objective on Dollarama from C$112.00 to C$120.00 in a report on Friday, April 5th. Canaccord Genuity Group increased their price objective on Dollarama from C$98.00 to C$100.00 in a report on Monday, April 1st. Wells Fargo & Company dropped their price objective on Dollarama from C$110.00 to C$105.00 in a report on Thursday, January 4th. Finally, Royal Bank of Canada raised their target price on Dollarama from C$118.00 to C$125.00 in a research note on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$109.36.

About Dollarama

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.