Insider Selling: Dollarama Inc. (TSE:DOL) Director Sells 1,339 Shares of Stock

Dollarama Inc. (TSE:DOL) Director John Assaly sold 1,339 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of C$114.55, for a total transaction of C$153,378.30.

John Assaly also recently made the following trade(s):

• On Thursday, April 18th, John Assaly sold 1,336 shares of Dollarama stock. The shares were sold at an average price of C$112.36, for a total transaction of C$150,106.41.

Dollarama Price Performance

Shares of Dollarama stock traded down C$1.38 during midday trading on Friday, reaching C$115.62. The company had a trading volume of 692,742 shares, compared to its average volume of 500,107. The company has a current ratio of 1.51, a quick ratio of 0.08 and a debt-to-equity ratio of 1,477.71. The company has a market capitalization of C$32.52 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 1.93 and a beta of 0.57. The stock has a fifty day simple moving average of C$106.82 and a 200 day simple moving average of C$100.60. Dollarama Inc. has a 1-year low of C$80.81 and a 1-year high of C$117.18.

Dollarama Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Friday, April 19th will be issued a $0.092 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.32%. This is a positive change from Dollarama’s previous quarterly dividend of $0.07. Dollarama’s dividend payout ratio (DPR) is currently 8.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on DOL shares. BMO Capital Markets increased their price target on shares of Dollarama from C$105.00 to C$124.00 in a research report on Friday, April 5th. National Bankshares increased their price target on shares of Dollarama from C$112.00 to C$120.00 in a research report on Friday, April 5th. Canaccord Genuity Group increased their price target on shares of Dollarama from C$98.00 to C$100.00 in a research report on Monday, April 1st. CIBC increased their price target on shares of Dollarama from C$99.00 to C$115.00 in a research report on Friday, April 5th. Finally, TD Securities increased their price target on shares of Dollarama from C$106.00 to C$113.00 and gave the stock a “hold” rating in a research report on Friday, April 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Dollarama presently has an average rating of “Hold” and an average price target of C$109.36.

About Dollarama

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.