Dollarama Inc (TSE:DOL) insider Geoffrey Peter Robillard sold 48,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of C$150.07, for a total transaction of C$7,203,360.00.
DOL stock opened at C$154.66 on Friday. Dollarama Inc has a one year low of C$118.58 and a one year high of C$170.00.
Dollarama (TSE:DOL) last released its quarterly earnings results on Thursday, June 7th. The company reported C$0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.93 by C($0.01). The firm had revenue of C$756.07 million for the quarter, compared to analysts’ expectations of C$762.70 million.
A number of research analysts have weighed in on DOL shares. BMO Capital Markets raised shares of Dollarama from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$152.00 to C$170.00 in a research note on Friday, June 8th. TD Securities raised their target price on shares of Dollarama from C$150.00 to C$160.00 in a research note on Friday, March 23rd. Barclays raised their target price on shares of Dollarama from C$151.00 to C$154.00 in a research note on Monday, March 26th. Industrial Alliance Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and set a C$163.00 target price on the stock in a research note on Friday, June 1st. Finally, CIBC raised their target price on shares of Dollarama from C$168.00 to C$178.00 in a research note on Monday, April 2nd. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$168.23.
Dollarama Company Profile
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 January 28, 2018, it operated 1,160 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.
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