Dollarama (TSE:DOL) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of 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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DOL. Scotiabank upgraded Dollarama to a “strong-buy” rating in a report on Monday, January 20th. Canaccord Genuity Group increased their price objective on Dollarama from C$138.00 to C$140.00 and gave the company a “hold” rating in a research report on Thursday, November 28th. National Bankshares lowered Dollarama from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 5th. CIBC boosted their price objective on shares of Dollarama from C$138.00 to C$145.00 in a research report on Thursday, December 5th. Finally, TD Securities upped their target price on shares of Dollarama from C$154.00 to C$160.00 in a report on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dollarama has a consensus rating of “Moderate Buy” and a consensus price target of C$145.17.

Dollarama Stock Performance

The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The company has a market capitalization of C$39.68 billion, a PE ratio of 36.57, a PEG ratio of 1.93 and a beta of 0.56. The company has a 50-day moving average price of C$139.31 and a two-hundred day moving average price of C$139.31.

Dollarama Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, January 10th. Dollarama’s dividend payout ratio (DPR) is currently 9.42%.

Insider Buying and Selling at Dollarama

In related news, Director Stephen Gunn sold 54,950 shares of the company’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 Dollarama stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$139.60, for a total value of C$1,256,386.50. Company insiders own 2.23% of the company’s stock.

Dollarama Company Profile

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.