Dollarama Inc (TSE:DOL) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.00 and traded as high as $50.04. Dollarama shares last traded at $49.72, with a volume of 146,135 shares trading hands.
A number of research firms have recently issued reports on DOL. BMO Capital Markets raised their price objective on Dollarama from C$50.00 to C$52.00 and gave the company a “market perform” rating in a research report on Wednesday, July 3rd. TD Securities raised their price objective on Dollarama from C$48.00 to C$49.00 and gave the company a “hold” rating in a research report on Wednesday, July 3rd. CIBC raised their price objective on Dollarama from C$44.00 to C$48.00 in a research report on Friday, June 14th. Desjardins cut Dollarama from a “buy” rating to a “hold” rating and lifted their price target for the stock from C$43.00 to C$49.00 in a report on Friday, June 14th. Finally, National Bank Financial lifted their price target on Dollarama from C$49.00 to C$52.00 and gave the stock an “outperform” rating in a report on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of C$48.00.
The stock has a market capitalization of $15.65 billion and a price-to-earnings ratio of 29.01. The business has a fifty day moving average of C$48.60.
Dollarama (TSE:DOL) last released its quarterly earnings results on Thursday, June 13th. The company reported C$0.33 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.33. The firm had revenue of C$828.04 million for the quarter, compared to analyst estimates of C$803.80 million. On average, research analysts forecast that Dollarama Inc will post 2.1600002 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 12th were issued a $0.044 dividend. The ex-dividend date was Thursday, July 11th. This represents a $0.18 annualized dividend and a yield of 0.36%. Dollarama’s dividend payout ratio is presently 9.68%.
In other news, Director Nicolas Hien sold 32,000 shares of Dollarama stock in a transaction on 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. Also, Director Gregory David sold 12,000 shares of Dollarama stock in a transaction on Friday, July 5th. The shares were sold at an average price of C$48.35, for a total value of C$580,148.40. Insiders sold a total of 118,453 shares of company stock valued at $5,883,301 over the last ninety days.
Dollarama Company Profile (TSE:DOL)
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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