Dollarama (TSE:DOL) Hits New 1-Year High at $129.78

Dollarama Inc. (TSE:DOL - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$129.78 and last traded at C$129.67, with a volume of 67477 shares traded. The stock had previously closed at C$128.76.Analyst Upgrades and DowngradesSeveral research firms have issued reports on DOL. Canaccord Genuity Group raised their price target on shares of Dollarama from C$112.00 to C$125.00 in a research report on Monday, June 10th. BMO Capital Markets raised their price target on shares of Dollarama from C$124.00 to C$133.00 and gave the stock an "outperform" rating in a research report on Monday, June 3rd. CIBC lifted their target price on shares of Dollarama from C$115.00 to C$128.00 and gave the company a "neutral" rating in a research report on Thursday, June 13th. Royal Bank of Canada lifted their target price on shares of Dollarama from C$136.00 to C$138.00 and gave the company an "outperform" rating in a research report on Thursday, June 13th. Finally, Stifel Nicolaus lifted their target price on shares of Dollarama from C$110.00 to C$125.00 and gave the company a "hold" rating in a research report on Thursday, June 13th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$125.80.Check Out Our Latest Stock Report on DOLDollarama Stock PerformanceThe company has a market capitalization of C$36.23 billion, a P/E ratio of 36.07, a P/E/G ratio of 1.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1,137.89, a current ratio of 1.93 and a quick ratio of 0.08. The stock's 50 day simple moving average is C$123.18 and its two-hundred day simple moving average is C$110.26. Dollarama (TSE:DOL - Get Free Report) last announced its earnings results on Wednesday, June 12th. The company reported C$0.77 earnings per share for the quarter, topping analysts' consensus estimates of C$0.75 by C$0.02. Dollarama had a net margin of 17.22% and a return on equity of 493.80%. The company had revenue of C$1.41 billion during the quarter, compared to the consensus estimate of C$1.41 billion. As a group, research analysts expect that Dollarama Inc. will post 4.5049541 earnings per share for the current year. Dollarama Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Friday, August 2nd will be issued a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.28%. The ex-dividend date is Friday, July 5th. Dollarama's payout ratio is 8.43%. Insiders Place Their BetsIn other Dollarama news, Director Paul Roche sold 5,541 shares of the company's stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total transaction of C$616,316.56. In other news, Director Paul Roche sold 5,541 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of C$111.23, for a total value of C$616,316.56. Also, Director John Assaly sold 1,336 shares of the stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of C$112.36, for a total transaction of C$150,106.41. Over the last three months, insiders have sold 127,179 shares of company stock valued at $15,147,404. 2.92% of the stock is currently owned by corporate insiders. Dollarama Company Profile (Get Free Report)Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.Featured StoriesFive stocks we like better than DollaramaHigh Flyers: 3 Natural Gas Stocks for March 20223 Insider-Buy Stocks to Add to Your Watchlist NowThe How And Why of Investing in Oil StocksCommvault Stock: AI Cybersecurity Giant Ready to Double AgainWhat is Put Option Volume?Intuit Stock Ready to Soar: RBC Sees Big Upside with GenAIThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Deadline to collect dividend: Thursday, July 18th (From Investors Alley) (Ad)Should you invest $1,000 in Dollarama right now?Before you consider Dollarama, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dollarama wasn't on the list.While Dollarama currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here