Geoffrey Peter Robillard Sells 20,000 Shares of Dollarama Inc (DOL) Stock

Dollarama Inc (TSE:DOL) insider Geoffrey Peter Robillard sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of C$114.31, for a total value of C$2,286,200.00.

Shares of Dollarama Inc (TSE:DOL) traded down 0.27% during trading on Friday, hitting $118.68. 146,368 shares of the stock traded hands. The firm has a 50-day moving average of $106.64 and a 200-day moving average of $101.90. The firm has a market capitalization of $13.56 billion and a price-to-earnings ratio of 31.99. Dollarama Inc has a 1-year low of $86.57 and a 1-year high of $119.97.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 3rd. Investors of record on Wednesday, May 3rd will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.37%. This is an increase from Dollarama’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, April 19th.

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DOL has been the subject of several research reports. Royal Bank of Canada reduced their target price on shares of Dollarama from C$127.00 to C$126.00 and set an “outperform” rating for the company in a research note on Friday, March 17th. Scotiabank restated an “outperform” rating and set a C$115.00 price target on shares of Dollarama in a research note on Friday, March 17th. Raymond James Financial, Inc. restated an “outperform” rating and set a C$115.00 price target on shares of Dollarama in a research note on Friday, March 24th. Eight Capital raised their price target on shares of Dollarama from C$120.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, March 31st. Finally, TD Securities raised their price target on shares of Dollarama from C$115.00 to C$125.00 and gave the stock a “buy” rating in a research note on Sunday, April 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$119.18.

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.

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