Dollarama (TSE:DOL) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Dollarama Inc. (TSE:DOL - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$139.14 and traded as high as C$141.01. Dollarama shares last traded at C$139.48, with a volume of 518,676 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DOL. Stifel Nicolaus lifted their target price on shares of Dollarama from C$136.00 to C$140.00 in a research note on Thursday, December 5th. CIBC lifted their target price on shares of Dollarama from C$138.00 to C$145.00 in a research note on Thursday, December 5th. Canaccord Genuity Group lifted their target price on shares of Dollarama from C$138.00 to C$140.00 and gave the stock a "hold" rating in a research note on Thursday, November 28th. Desjardins boosted their price objective 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. Finally, Royal Bank of Canada reduced their price objective on shares of Dollarama from C$160.00 to C$159.00 in a research note on Thursday, December 5th. 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 company. Based on data from MarketBeat, Dollarama currently has an average rating of "Moderate Buy" and a consensus target price of C$145.17.

Dollarama Trading Down 0.3 %

The firm has a market capitalization of C$39.59 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.43 and a debt-to-equity ratio of 369.36. The firm's 50-day simple moving average is C$139.38 and its 200-day simple moving average is C$139.44.

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Dollarama Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, February 7th were given a dividend of $0.092 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.37 annualized dividend and a yield of 0.26%. Dollarama's payout ratio is presently 9.42%.

Insider Buying and Selling at Dollarama

In other news, Director Stephen Gunn sold 54,950 shares of the business's stock in a transaction that occurred 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, Director Nicolas Hien sold 9,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$139.60, for a total transaction of C$1,256,386.50. 2.23% of the stock is currently owned by company insiders.

About Dollarama

Dollarama Inc is a Canada-based company principally engaged in operating discount retail stores. The company provides a broad range of everyday consumer products, general merchandise, and seasonal items, with merchandise at low fixed price points. General merchandise and consumer products jointly account for the majority of the company's product offerings.