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

Shares of Dollarama Inc. (TSE:DOL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$132.00 and traded as high as C$149.70. Dollarama shares last traded at C$148.75, with a volume of 373,993 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DOL. Desjardins increased their target price on Dollarama from C$143.00 to C$147.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada raised their price target on shares of Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. TD Securities raised shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$150.00 to C$154.00 in a research report on Thursday, September 12th. National Bankshares boosted their price target on shares of Dollarama from C$143.00 to C$149.00 in a research report on Wednesday. Finally, BMO Capital Markets raised their price objective on Dollarama from C$138.00 to C$147.00 in a report on Thursday, September 12th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Dollarama has a consensus rating of “Moderate Buy” and a consensus price target of C$140.09.

Dollarama Price Performance

The company has a 50 day moving average price of C$141.82 and a 200 day moving average price of C$132.43. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The company has a market capitalization of C$40.55 billion, a P/E ratio of 37.28, a P/E/G ratio of 1.93 and a beta of 0.56.

Dollarama (TSE:DOL) last posted its earnings results on Wednesday, September 11th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.96 by C$0.06. Dollarama had a net margin of 17.85% and a return on equity of 156.46%. The company had revenue of C$1.56 billion during the quarter, compared to analysts’ expectations of C$1.57 billion. On average, equities analysts predict that Dollarama Inc. will post 5.3295203 EPS for the current fiscal year.

Dollarama Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Friday, November 1st were given a $0.092 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. Dollarama’s payout ratio is 9.59%.

Insider Buying and Selling

In other news, Director John Huw Thomas sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Also, Senior Officer Mark Di Pesa sold 530 shares of Dollarama stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total transaction of C$76,039.10. Insiders have sold 7,697 shares of company stock valued at $1,049,979 over the last 90 days. 2.23% of the stock is owned by corporate insiders.

Dollarama Company Profile

Dollarama Inc operates a chain of dollar stores in Canada. Its stores offer general merchandise, consumables, and seasonal products. It also sells its products through online store. The company was formerly known as Dollarama Capital Corporation and changed its name to Dollarama Inc in September 2009.