Dollarama Inc. (TSE:DOL - Get Free Report) 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 trading hands.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on DOL. National Bankshares cut shares of Dollarama from an "outperform" rating to a "sector perform" rating in a research note on Thursday, December 5th. Royal Bank of Canada reduced their target price on shares of Dollarama from C$160.00 to C$159.00 in a report on Thursday, December 5th. BMO Capital Markets lifted their price target on shares of Dollarama from C$147.00 to C$154.00 in a research note on Friday, November 22nd. Scotiabank upgraded shares of Dollarama to a "strong-buy" rating in a research note on Monday, January 20th. Finally, Desjardins lifted their target price on Dollarama from C$147.00 to C$150.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$145.17.
Check Out Our Latest Research Report on DOL
Dollarama Stock Performance
The company has a current ratio of 1.99, a quick ratio of 0.08 and a debt-to-equity ratio of 391.24. The company 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 company has a 50 day moving average price of C$140.96 and a 200-day moving average price of C$137.95.
Dollarama Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Friday, February 7th will be paid a $0.092 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.26%. Dollarama's payout ratio is currently 9.59%.
Insider Buying and Selling
In related news, Director Stephen Gunn sold 54,950 shares of Dollarama 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 transaction 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 owned by corporate insiders.
About Dollarama
(
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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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