Dollarama Inc (TSE:DOL) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $47.51 and traded as low as $45.73. Dollarama shares last traded at $45.76, with a volume of 153,149 shares trading hands.
A number of brokerages have recently issued reports on DOL. National Bank Financial cut their price target on shares of Dollarama from C$52.00 to C$51.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. BMO Capital Markets cut their price target on shares of Dollarama from C$52.00 to C$50.00 in a report on Thursday, December 5th. TD Securities cut their price target on shares of Dollarama from C$50.00 to C$49.00 and set a “hold” rating for the company in a report on Thursday, December 19th. Finally, Desjardins reiterated a “hold” rating on shares of Dollarama in a report on Thursday, November 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$49.11.
The stock’s fifty day moving average price is C$45.01 and its 200-day moving average price is C$47.47. The firm has a market cap of $14.41 billion and a PE ratio of 26.75.
Dollarama (TSE:DOL) last announced its quarterly earnings results on Wednesday, December 4th. The company reported C$0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.45 by C($0.01). The firm had revenue of C$947.65 million for the quarter, compared to analyst estimates of C$932.85 million. On average, analysts predict that Dollarama Inc will post 2.0500001 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, January 10th will be issued a $0.044 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.37%. Dollarama’s dividend payout ratio is presently 9.80%.
In other Dollarama news, Senior Officer Geoffrey Peter Robillard sold 96,700 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of C$44.40, for a total transaction of C$4,293,789.44. Following the completion of the transaction, the insider now directly owns 1,300,000 shares in the company, valued at approximately C$57,724,160. Also, Director John Assaly sold 32,000 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of C$45.08, for a total transaction of C$1,442,560.00. Following the transaction, the director now owns 7,526 shares of the company’s stock, valued at C$339,272.08. Insiders have sold a total of 228,700 shares of company stock valued at $10,140,019 over the last 90 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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