Dollarama Inc (TSE:DOL) traded down 15.4% on Thursday . The stock traded as low as C$31.37 and last traded at C$31.96. 553,144 shares traded hands during trading, a decline of 49% from the average session volume of 1,081,362 shares. The stock had previously closed at C$37.79.
Several equities research analysts recently weighed in on the company. Barclays dropped their target price on Dollarama from C$44.00 to C$38.00 in a report on Friday. BMO Capital Markets dropped their target price on Dollarama from C$42.00 to C$37.00 in a report on Friday. CIBC dropped their price objective on Dollarama from C$40.00 to C$37.00 in a report on Friday. National Bank Financial dropped their price objective on Dollarama from C$44.00 to C$39.00 and set a “sector perform” rating for the company in a report on Friday. Finally, TD Securities dropped their price objective on Dollarama from C$44.00 to C$40.00 in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Dollarama currently has a consensus rating of “Buy” and an average price target of C$54.21.
Dollarama (TSE:DOL) last released its quarterly earnings data on Thursday, September 13th. The company reported C$0.43 earnings per share for the quarter, missing the consensus estimate of C$0.44 by C($0.01). The business had revenue of C$868.45 million during the quarter, compared to analyst estimates of C$883.00 million. Analysts forecast that Dollarama Inc will post 1.92999984701221 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 8th. Shareholders of record on Friday, January 11th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, January 10th. Dollarama’s dividend payout ratio (DPR) is currently 10.06%.
In other news, insider Michael Ross acquired 1,400 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was acquired at an average price of C$36.98 per share, for a total transaction of C$51,772.00. Also, insider Geoffrey Peter Robillard sold 20,000 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of C$39.19, for a total value of C$783,800.00.
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Dollarama Company Profile (TSE:DOL)
Dollarama Inc operates a chain of dollar stores in Canada. The company's stores offer consumer products, general merchandise, and seasonal items, including private label and branded products. As of July 29, 2018, it operated 1,178 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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