Dollarama Inc. (TSE:DOL - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$135.55 and traded as high as C$139.65. Dollarama shares last traded at C$138.51, with a volume of 1,791,572 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have weighed in on DOL shares. National Bank Financial lowered shares of Dollarama from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. National Bankshares downgraded Dollarama from an "outperform" rating to a "sector perform" rating in a report on Thursday, December 5th. Wells Fargo & Company downgraded shares of Dollarama from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from C$136.00 to C$130.00 in a research note on Thursday, September 12th. CIBC lifted their target price on shares of Dollarama from C$138.00 to C$145.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets raised their price objective on Dollarama from C$147.00 to C$154.00 in a research report on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Dollarama presently has an average rating of "Hold" and an average target price of C$145.17.
Check Out Our Latest Analysis on DOL
Dollarama Stock Performance
The company's 50-day moving average price is C$144.68 and its two-hundred day moving average price is C$135.55. The company has a market cap of C$39.03 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24.
Dollarama Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, November 1st were issued a dividend of $0.092 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Friday, October 4th. Dollarama's payout ratio is 9.59%.
Insider Buying and Selling at Dollarama
In related 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 value of C$275,450.00. Also, Director Stephen Gunn sold 54,950 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. Over the last 90 days, insiders have sold 57,480 shares of company stock valued at $8,130,761. Corporate insiders own 2.23% of the company's stock.
About Dollarama
(
Get Free Report)
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.
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