Gregory David Sells 12,000 Shares of Dollarama Inc (TSE:DOL) Stock

Dollarama Inc (TSE:DOL) Director Gregory David sold 12,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of C$48.35, for a total value of C$580,148.40.

Shares of TSE DOL opened at C$49.75 on Wednesday. The company has a market cap of $15.50 billion and a PE ratio of 29.37. The firm has a 50 day moving average price of C$45.08. Dollarama Inc has a 52 week low of C$30.70 and a 52 week high of C$52.49.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Friday, July 12th will be paid a $0.044 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.18 annualized dividend and a dividend yield of 0.35%. Dollarama’s payout ratio is 9.68%.

DOL has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on Dollarama from C$49.00 to C$46.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. BMO Capital Markets upped their target price on Dollarama from C$50.00 to C$52.00 and gave the company a “market perform” rating in a report on Wednesday, July 3rd. National Bank Financial upped their target price on Dollarama from C$39.00 to C$40.00 and gave the company a “sector perform” rating in a report on Wednesday, March 20th. TD Securities upped their target price on Dollarama from C$40.00 to C$45.00 in a report on Friday, June 7th. Finally, Raymond James dropped their target price on Dollarama from C$42.00 to C$40.00 and set an “outperform” rating on the stock in a report on Friday, March 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Dollarama currently has a consensus rating of “Hold” and an average price target of C$48.00.

About Dollarama

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal items. The company also offers products online. As of March 28, 2019, it operated 1,225 stores. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.

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