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

Dollarama Inc. (TSE:DOL - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$136.96 and traded as high as C$140.34. Dollarama shares last traded at C$139.26, with a volume of 755,891 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank of Canada decreased their price target on Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. Desjardins increased their target price on shares of Dollarama from C$147.00 to C$150.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Canaccord Genuity Group upped their price objective on Dollarama from C$138.00 to C$140.00 and gave the stock a "hold" rating in a research report on Thursday, November 28th. BMO Capital Markets lifted their target price on Dollarama from C$147.00 to C$154.00 in a report on Friday, November 22nd. Finally, National Bank Financial downgraded Dollarama from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of C$145.17.

Dollarama Stock Performance

The firm has a 50 day moving average of C$143.82 and a two-hundred day moving average of C$136.96. The company has a debt-to-equity ratio of 391.24, a current ratio of 1.99 and a quick ratio of 0.08. The stock has a market cap of C$39.23 billion, a PE ratio of 36.07, a PEG ratio of 1.93 and a beta of 0.56.

Dollarama Announces Dividend

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

Insider Activity at Dollarama

In other news, Director Stephen Gunn sold 54,950 shares of Dollarama stock in a transaction on Thursday, December 12th. The shares were sold at an average price of C$141.57, for a total value of C$7,779,271.50. Also, Senior Officer Mark Di Pesa sold 530 shares of the company's stock in a transaction 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 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.