Nicolas Hien Sells 32,000 Shares of Dollarama Inc (TSE:DOL) Stock

Dollarama Inc (TSE:DOL) Director Nicolas Hien sold 32,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of C$50.20, for a total value of C$1,606,537.60.

Shares of DOL stock opened at C$48.82 on Tuesday. Dollarama Inc has a 1 year low of C$30.70 and a 1 year high of C$52.49. The company’s 50 day moving average is C$46.72. The stock has a market capitalization of $15.29 billion and a P/E ratio of 28.82.

Dollarama (TSE:DOL) last issued its quarterly earnings data on Thursday, June 13th. The company reported C$0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.33. The company had revenue of C$828.04 million for the quarter, compared to analysts’ expectations of C$803.80 million. On average, research analysts expect that Dollarama Inc will post 2.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Friday, July 12th will be issued a $0.044 dividend. The ex-dividend date is Thursday, July 11th. This represents a $0.18 annualized dividend and a dividend yield of 0.36%. Dollarama’s payout ratio is 9.68%.

A number of equities research analysts recently commented on the company. Raymond James reiterated a “hold” rating on shares of Broadcom in a research report on Friday, June 14th. Canaccord Genuity set a $22.00 price objective on Hibbett Sports and gave the company a “hold” rating in a research report on Monday, March 25th. TD Securities upped their price objective on TeraGo from C$11.50 to C$12.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Industrial Alliance Securities restated a “hold” rating and set a $11.00 price objective (down from $45.00) on shares of WisdomTree International LargeCap Dividend Fund in a research report on Wednesday, July 3rd. Finally, National Bank Financial upgraded Cascades to a “buy” rating in a research report on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price 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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