Dollarama (TSE:DOL) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Dollarama Inc. (TSE:DOL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

DOL has been the topic of a number of research analyst reports. Desjardins raised their price target on Dollarama from C$143.00 to C$147.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. CIBC boosted their price target on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. National Bankshares boosted their price objective on Dollarama from C$141.00 to C$143.00 in a research note on Thursday, September 12th. Cfra raised Dollarama from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$130.00 to C$155.00 in a research report on Thursday, September 12th. Finally, BMO Capital Markets boosted their target price on Dollarama from C$138.00 to C$147.00 in a research report on Thursday, September 12th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$139.55.

Dollarama Price Performance

The firm has a market cap of C$41.91 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 1.93 and a beta of 0.56. The company has a debt-to-equity ratio of 391.24, a quick ratio of 0.08 and a current ratio of 1.99. The business's 50-day moving average is C$141.10 and its 200-day moving average is C$132.00.

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

Dollarama Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Friday, November 1st were paid a $0.092 dividend. This represents a $0.37 dividend on an annualized basis and a yield of 0.25%. The ex-dividend date was Friday, October 4th. Dollarama's payout ratio is currently 9.59%.

Insider Activity

In related news, Director Nicolas Hien sold 5,167 shares of the company's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Also, Senior Officer Mark Di Pesa sold 530 shares of the company's stock in a transaction dated Friday, October 11th. The stock was 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 worth $1,049,979 over the last ninety days. Insiders own 2.23% of the company's stock.

About Dollarama

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.