Dollarama Inc (TSE:DOL) – Analysts at National Bank Financial reduced their FY2017 earnings estimates for shares of Dollarama in a research note issued to investors on Tuesday, according to Zacks Investment Research. National Bank Financial analyst V. Shreedhar now forecasts that the company will earn $3.61 per share for the year, down from their prior estimate of $3.62. National Bank Financial has a “Outperform” rating and a $122.00 price target on the stock.
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A number of other analysts also recently weighed in on the company. Raymond James Financial, Inc. restated an “outperform” rating and issued a C$115.00 price target on shares of Dollarama in a research note on Friday, March 24th. Scotiabank restated an “outperform” rating and issued a C$115.00 price target on shares of Dollarama in a research note on Friday, March 17th. Royal Bank of Canada decreased their price target on Dollarama from C$127.00 to C$126.00 and set an “outperform” rating on the stock in a research note on Friday, March 17th. TD Securities restated a “buy” rating and issued a C$115.00 price target on shares of Dollarama in a research note on Monday, March 27th. Finally, Eight Capital lifted their price target on Dollarama from C$120.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, March 31st. Three equities research analysts have rated the stock with a hold rating and seven have assigned 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 (TSE:DOL) traded up 0.03% during trading on Friday, hitting $119.03. 241,089 shares of the stock traded hands. The company’s 50 day moving average price is $106.64 and its 200 day moving average price is $101.90. Dollarama has a 12 month low of $86.57 and a 12 month high of $119.97. The company has a market cap of $13.60 billion and a P/E ratio of 32.08.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 3rd. Shareholders of record on Wednesday, May 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis 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.
In other news, insider Michael Ross sold 17,000 shares of the business’s stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of C$115.55, for a total value of C$1,964,350.00. Also, Director Josée Kouri sold 8,000 shares of the business’s stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of C$117.03, for a total value of C$936,240.00. Over the last quarter, insiders have sold 57,000 shares of company stock worth $6,539,950.
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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