Dollarama (TSE:DOL) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$139.80 and traded as high as C$149.08. Dollarama shares last traded at C$147.58, with a volume of 752,731 shares.

Analysts Set New Price Targets

Several research firms have weighed in on DOL. TD Securities upped their price target on Dollarama from C$154.00 to C$160.00 in a research note on Thursday, December 5th. National Bank Financial downgraded Dollarama from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Canaccord Genuity Group increased their target price 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. Scotiabank upgraded Dollarama to a “strong-buy” rating in a research report on Monday, January 20th. Finally, UBS Group set a C$147.00 target price on Dollarama and gave the company a “neutral” rating in a research report on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and an average target price of C$145.17.

Dollarama Stock Performance

The company has a market capitalization of C$40.78 billion, a P/E ratio of 37.59, a P/E/G ratio of 1.93 and a beta of 0.56. The business has a 50-day moving average of C$139.60 and a 200-day moving average of C$139.80. 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 business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, February 7th were given a $0.092 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a yield of 0.25%. Dollarama’s dividend payout ratio is presently 9.42%.

Insider Buying and Selling

In other Dollarama news, Director Stephen Gunn sold 54,950 shares of the stock in a transaction on Thursday, December 12th. The stock was 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 stock in a transaction on 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. 2.23% of the stock is owned by corporate insiders.

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.