Dollarama (TSE:DOL) Shares Pass Above 200 Day Moving Average - Time to Sell?

Dollarama Inc. (TSE:DOL - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$137.93 and traded as high as C$141.11. Dollarama shares last traded at C$140.83, with a volume of 684,942 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DOL. Stifel Nicolaus boosted their target price on Dollarama from C$136.00 to C$140.00 in a report on Thursday, December 5th. Royal Bank of Canada decreased their price objective on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Desjardins raised their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. National Bank Financial cut shares of Dollarama from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Finally, Canaccord Genuity Group increased their price target on Dollarama from C$138.00 to C$140.00 and gave the company a "hold" rating in a report on Thursday, November 28th. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$145.17.

Dollarama Stock Performance

The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24. The stock has a market cap of C$39.89 billion, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The firm's 50-day moving average is C$140.96 and its two-hundred day moving average is C$137.95.

Dollarama Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Friday, February 7th will be paid a $0.092 dividend. This represents a $0.37 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend is Friday, January 10th. Dollarama's payout ratio is presently 9.59%.

Insider Buying and Selling

In other news, Director Nicolas Hien sold 9,000 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$139.60, for a total value of C$1,256,386.50. Also, Director Stephen Gunn sold 54,950 shares of the company's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of C$141.57, for a total transaction of C$7,779,271.50. 2.23% of the stock is currently 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.