Shares of Dollarama Inc (TSE:DOL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$144.44 and last traded at C$144.22, with a volume of 158841 shares traded. The stock had previously closed at C$142.05.
A number of analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Dollarama in a report on Friday, November 3rd. They set a “market perform” rating and a C$150.00 price objective for the company. BMO Capital Markets restated an “outperform” rating and set a C$155.00 price objective on shares of Dollarama in a report on Monday, October 16th. Eight Capital increased their target price on shares of Dollarama from C$140.00 to C$150.00 in a research report on Friday, September 8th. National Bank Financial increased their target price on shares of Dollarama from C$140.00 to C$145.00 in a research report on Friday, September 8th. Finally, Scotiabank increased their target price on shares of Dollarama from C$143.00 to C$162.00 and gave the stock an “outperform” rating in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Dollarama has a consensus rating of “Buy” and a consensus price target of C$144.54.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Friday, October 6th were given a dividend of $0.11 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.44 annualized dividend and a yield of 0.30%. Dollarama’s payout ratio is presently 10.17%.
In other Dollarama news, insider Geoffrey Peter Robillard sold 5,000 shares of Dollarama stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of C$133.99, for a total transaction of C$669,950.00.
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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