Dollarama (TSE:DOL) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Dollarama Inc. (TSE:DOL - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$145.78 and traded as high as C$172.55. Dollarama shares last traded at C$172.21, with a volume of 528,091 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DOL. National Bankshares upgraded Dollarama from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$156.00 to C$166.00 in a research note on Friday, March 28th. UBS Group upped their price target on shares of Dollarama from C$147.00 to C$165.00 in a research report on Friday, April 4th. Canaccord Genuity Group lifted their price objective on shares of Dollarama from C$146.00 to C$168.00 in a research report on Friday, April 4th. TD Securities upped their target price on shares of Dollarama from C$160.00 to C$185.00 and gave the company a "buy" rating in a report on Friday, April 4th. Finally, Royal Bank of Canada raised their target price on shares of Dollarama from C$149.00 to C$183.00 in a research note on Friday, April 4th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$164.50.

Dollarama Stock Up 2.5 %

The firm has a 50-day simple moving average of C$152.75 and a two-hundred day simple moving average of C$145.78. The stock has a market cap of C$47.59 billion, a P/E ratio of 43.86, a PEG ratio of 1.93 and a beta of 0.56. The company has a current ratio of 1.43, a quick ratio of 0.08 and a debt-to-equity ratio of 369.36.

Dollarama Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, May 9th will be paid a $0.1058 dividend. This is a boost from Dollarama's previous quarterly dividend of $0.09. The ex-dividend date is Thursday, April 17th. This represents a $0.42 annualized dividend and a yield of 0.25%. Dollarama's payout ratio is 9.42%.

Insiders Place Their Bets

In related news, Senior Officer Geoffrey Peter Robillard sold 28,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of C$160.00, for a total value of C$4,480,000.00. Company insiders own 2.23% of the company's stock.

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.

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