Dollarama (TSE:DOL) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Dollarama Inc. (TSE:DOL - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$128.40 and traded as high as C$143.80. Dollarama shares last traded at C$143.66, with a volume of 704,087 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Dollarama from C$125.00 to C$136.00 in a research note on Thursday, September 12th. Cfra raised shares of Dollarama from a "hold" rating to a "buy" rating and upped their price objective for the company from C$130.00 to C$155.00 in a research note on Thursday, September 12th. Desjardins lifted their target price on shares of 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 increased their price target on Dollarama from C$128.00 to C$138.00 in a research note on Thursday, September 12th. Finally, Royal Bank of Canada upped their target price on Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, Dollarama has an average rating of "Moderate Buy" and a consensus target price of C$139.55.

Dollarama Trading Up 0.7 %

The firm's 50 day simple moving average is C$137.16 and its 200-day simple moving average is C$128.40. The company has a market capitalization of C$40.75 billion, a PE ratio of 37.22, a P/E/G ratio of 1.93 and a beta of 0.56. The company has a quick ratio of 0.08, a current ratio of 1.99 and a debt-to-equity ratio of 391.24.

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

Dollarama Announces Dividend

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

Insider Buying and Selling

In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. In other Dollarama news, Senior Officer Mark Di Pesa sold 530 shares of the business's stock in a transaction on Friday, October 11th. The shares were sold at an average price of C$143.47, for a total value of C$76,039.10. Also, Director Nicolas Hien sold 5,167 shares of the firm's stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total value of C$698,490.04. In the last ninety days, insiders have sold 7,697 shares of company stock valued at $1,049,979. Corporate 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.