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.
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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