Desjardins Lowers Dollarama (DOL) to Hold

Desjardins cut shares of Dollarama (TSE:DOL) from a buy rating to a hold rating in a research note issued to investors on Thursday. They currently have C$165.00 price target on the stock.

DOL has been the topic of several other research reports. BMO Capital Markets reaffirmed an outperform rating and set a C$155.00 target price on shares of Dollarama in a research note on Monday, October 16th. National Bank Financial lifted their target price on shares of Dollarama from C$160.00 to C$161.00 and gave the stock an outperform rating in a research note on Thursday, December 7th. Canaccord Genuity boosted their price target on shares of Dollarama from C$150.00 to C$178.00 in a research report on Thursday, November 30th. Wells Fargo & Co assumed coverage on shares of Dollarama in a research report on Friday, November 3rd. They set a market perform rating and a C$150.00 price target on the stock. Finally, TD Securities boosted their price target on shares of Dollarama from C$150.00 to C$160.00 and gave the company a hold rating in a research report on Wednesday, November 22nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of C$161.42.

Shares of Dollarama (TSE DOL) opened at C$149.33 on Thursday. Dollarama has a one year low of C$97.00 and a one year high of C$170.00. The stock has a market cap of $16,600.00, a price-to-earnings ratio of 34.33 and a beta of 0.42.

Dollarama (TSE:DOL) last announced its earnings results on Wednesday, December 6th. The company reported C$1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.12 by C$0.03. The business had revenue of C$810.58 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.44 annualized dividend and a dividend yield of 0.29%. Dollarama’s payout ratio is 9.89%.

In related news, Director John Assaly sold 509 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of C$159.27, for a total value of C$81,068.43. Also, insider Geoffrey Peter Robillard sold 10,000 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of C$157.42, for a total transaction of C$1,574,200.00. In the last three months, insiders have sold 29,509 shares of company stock worth $4,749,838.

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Dollarama Company Profile

Dollarama Inc is a Canada-based holding company. The Company operates dollar stores. It has approximately 1,030 stores in operation in Canada. Its stores have an average area of approximately 9,942 square feet, and offer a range of consumer products, general merchandise and seasonal items, including private label and nationally branded products.

Analyst Recommendations for Dollarama (TSE:DOL)

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