Dollarama (TSE:DOL) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Dollarama Inc. (TSE:DOL) passed above its 200-day moving average during trading on Monday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

DOL has been the subject of a number of analyst reports. Royal Bank of Canada lifted their price objective on Dollarama from C$144.00 to C$147.00 in a research note on Thursday, September 12th. CIBC boosted their target price on Dollarama from C$128.00 to C$138.00 in a research report on Thursday, September 12th. Desjardins increased their price target on shares of Dollarama from C$143.00 to C$147.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. TD Securities upgraded shares of Dollarama from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$150.00 to C$154.00 in a report on Thursday, September 12th. Finally, Wells Fargo & Company lowered shares of Dollarama from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from C$136.00 to C$130.00 in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$139.55.

Dollarama Trading Down 0.1 %

The firm has a market capitalization of C$40.69 billion, a price-to-earnings ratio of 37.41, a price-to-earnings-growth ratio of 1.93 and a beta of 0.56. The business’s fifty day moving average is C$137.54 and its 200 day moving average is C$128.85. 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) last released 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. The firm had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.57 billion. Dollarama had a return on equity of 156.46% and a net margin of 17.85%. Equities analysts predict that Dollarama Inc. will post 5.3295203 earnings per share for the current year.

Dollarama Announces Dividend

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

Insiders Place Their Bets

In related news, Director John Huw Thomas sold 2,000 shares of Dollarama stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$137.73, for a total value of C$275,450.00. In other Dollarama news, Director Nicolas Hien sold 5,167 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of C$135.18, for a total transaction of C$698,490.04. Also, Director John Huw Thomas sold 2,000 shares of the stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of C$137.73, for a total transaction of C$275,450.00. Insiders have sold 7,697 shares of company stock valued at $1,049,979 in the last three months. 2.23% of the stock is currently owned by corporate insiders.

Dollarama Company Profile

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.