Dollarama (TSE:DOL) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$139.14 and traded as high as C$141.01. Dollarama shares last traded at C$139.48, with a volume of 518,676 shares traded.

Wall Street Analysts Forecast Growth

DOL has been the topic of several analyst reports. Royal Bank of Canada dropped their target price on shares of Dollarama from C$160.00 to C$159.00 in a research report on Thursday, December 5th. Stifel Nicolaus boosted their price objective on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. Scotiabank upgraded shares of Dollarama to a “strong-buy” rating in a research note on Monday, January 20th. Desjardins boosted their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, National Bank Financial downgraded shares of Dollarama from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Dollarama currently has a consensus rating of “Moderate Buy” and an average target price of C$145.17.

Dollarama Price Performance

The stock’s fifty day simple moving average is C$139.31 and its 200 day simple moving average is C$139.31. The firm has a market capitalization of C$39.68 billion, a P/E ratio of 36.57, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 369.36, a current ratio of 1.43 and a quick ratio of 0.08.

Dollarama Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, February 7th were given a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date was Friday, January 10th. Dollarama’s payout ratio is presently 9.42%.

Insiders Place Their Bets

In related news, Director Stephen Gunn sold 54,950 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Director Nicolas Hien sold 9,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. Insiders own 2.23% of the company’s stock.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company’s product offerings.