Dollarama Inc (DOL) Sets New 1-Year High at $144.44

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.

COPYRIGHT VIOLATION NOTICE: This article was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2017/11/10/dollarama-inc-dol-sets-new-1-year-high-at-144-44.html.

About Dollarama

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.

Receive News & Ratings for Dollarama Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dollarama Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply