Dollarama Inc (TSE:DOL) – Investment analysts at National Bank Financial reduced their FY2018 earnings estimates for shares of Dollarama in a research report issued to clients and investors on Wednesday, Zacks Investment Research reports. National Bank Financial analyst V. Shreedhar now forecasts that the company will post earnings of $4.53 per share for the year, down from their previous forecast of $4.54. National Bank Financial has a “Outperform” rating and a $161.00 price objective on the stock. National Bank Financial also issued estimates for Dollarama’s Q3 2019 earnings at $1.28 EPS and Q4 2019 earnings at $1.61 EPS.
Several other equities analysts have also recently issued reports on the stock. BMO Capital Markets lifted their price objective on shares of Dollarama from C$141.00 to C$150.00 in a research note on Friday, September 8th. Desjardins lifted their price objective on shares of Dollarama from C$154.00 to C$165.00 in a research note on Thursday, December 7th. CIBC lifted their price objective on shares of Dollarama from C$157.00 to C$168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Canaccord Genuity lifted their price objective on shares of Dollarama from C$150.00 to C$178.00 in a research note on Thursday, November 30th. Finally, Eight Capital lifted their price objective on shares of Dollarama from C$140.00 to C$150.00 in a research note on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$161.42.
Dollarama (DOL) traded down C$2.05 during trading on Monday, reaching C$155.00. 363,900 shares of the company’s stock traded hands, compared to its average volume of 285,743. The firm has a market cap of $17,310.00, a PE ratio of 35.63 and a beta of 0.40. Dollarama has a 52-week low of C$96.81 and a 52-week high of C$166.62.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Thursday, January 4th. Dollarama’s dividend payout ratio (DPR) is currently 9.89%.
In related news, Director John Assaly sold 509 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$159.27, for a total transaction of C$81,068.43. Also, insider Geoffrey Peter Robillard sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of C$157.42, for a total transaction of C$1,574,200.00.
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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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